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    Douglas Rd Mishawaka, IN 46545

    For Sale
    $950,000

    1.05-acre commercial land, Mishawaka, IN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.05-acre commercial outlot presents a remarkable investment opportunity in Mishawaka, Indiana. Strategically located at the intersection of Douglas Road and Main Street, this property enjoys a prime position within a thriving retail corridor, boasting an abundance of nationally recognized brands such as Costco, Target, and University Park Mall. Its proximity to St. Joseph Health System Hospital (a Trinity Health member) further enhances its desirability. The site is zoned S2-Planned Unit Development, offering flexibility for various commercial uses. The property's location is highly advantageous, situated within two desirable residential areas in Granger and Mishawaka, and conveniently close to the University of Notre Dame, Eddy Street Commons, the Mishawaka Riverwalk, and downtown South Bend. This location benefits from high traffic volume on Douglas Road, one of Indiana's largest shopping corridors. The surrounding area includes a mix of retail, residential, and healthcare facilities, creating a dynamic and vibrant environment. An adjacent 10-acre parcel is planned for a high-density residential development, further enhancing the long-term value of this exceptional outlot. The asking price is $950,000.

    Property Features for 0 Douglas Rd

    General Information

    Property type
    Land
    Lot Size
    45,738 SF

    HighLights

    • 1.05‑acre commercial outlot in Mishawaka, Indiana, ideal for Class A development.
    • Prime location at Douglas Road and Main Street, near Costco, Target, and University Park Mall.
    • Situated in a thriving retail corridor, adjacent to St. Joseph Health System Hospital.
    • Zoned S2‑Planned Unit Development, offering development flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.177755021031
    Latitude
    41.709555831194

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    FAQs

    What type of property is this?
    Land - 1.05-acre commercial land, Mishawaka, IN
    Where is this land located?
    The property is located at Douglas Rd Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 1.05-acre commercial outlot in Mishawaka, Indiana, ideal for Class A development.; Prime location at Douglas Road and Main Street, near Costco, Target, and University Park Mall.; Situated in a thriving retail corridor, adjacent to St. Joseph Health System Hospital.
    (574) 243-9522
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Douglas Rd Mishawaka, IN 46545
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