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    5000 Lincolnway Mishawaka, IN 46544

    For Sale
    $175,000

    1-Acre Mishawaka Development Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1-acre vacant lot, located at 5000 Lincolnway E in Mishawaka, Indiana, presents a prime development opportunity. Zoned for both Light Industrial (LI) and Commercial (C-1), this versatile property offers significant flexibility for a range of uses. Its strategic location provides easy access to major transportation arteries, including proximity to Capital Ave/IN-331 (1.5 miles), the US 20 Bypass (4.5 miles), SR 19 (5 miles), and the Indiana Toll Road interchange at Capital Ave (6.5 miles). The lot enjoys a central Mishawaka location, just east of the intersection of Lincolnway E and Bittersweet Rd. An adjacent property is also available for purchase separately. The 2022 property taxes were $1,017. This location offers convenient access to Elkhart and downtown Mishawaka. The zoning map and aerial view provide detailed information on the LI and C-1 zoning designations. This is an ideal site for businesses seeking a strategic location with excellent transportation links and zoning flexibility. The asking price is $175,000, representing a land value of $175,000 per acre.

    Property Features for 5000 Lincolnway

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Centrally located 1‑acre vacant lot in Mishawaka, IN.
    • Zoned Light Industrial (LI) and Commercial (C‑1).
    • Excellent access to major roadways including US 20 Bypass and Indiana Toll Road.
    • Versatile lot ideal for various commercial and light industrial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St Joseph
    State
    Indiana
    Longitude
    -86.104298
    Latitude
    41.6642399

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    FAQs

    What type of property is this?
    Land - 1-Acre Mishawaka Development Land
    Where is this land located?
    The property is located at 5000 Lincolnway Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Centrally located 1-acre vacant lot in Mishawaka, IN.; Zoned Light Industrial (LI) and Commercial (C-1).; Excellent access to major roadways including US 20 Bypass and Indiana Toll Road.
    Request Owner's contact information
    5000 Lincolnway Mishawaka, IN 46544
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    Mishawaka, IN 46544
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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
    5000 Lincolnway Mishawaka, IN 46544
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