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    136 Mishawaka Ave Mishawaka, IN 46545

    For Sale
    $199,000

    Downtown Mishawaka development lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Prime commercial land (.29 to .96 acres) in Mishawaka, Indiana, is available for $199,000. This property boasts a highly visible corner location at Mishawaka Avenue and Sarah Street, offering excellent exposure for any development. Its proximity to Mishawaka's Central Park, the river walk, and a variety of businesses makes it ideal for mixed-use or multi-family projects. The area is experiencing revitalization, evidenced by recent developments such as the Ironworks Plaza Ice Rink and Event Center. This lot is conveniently located near pedestrian footbridges, providing easy access to Beutter Park. Furthermore, its close proximity to numerous restaurants and breweries, including Jesus Latin Grill, Chicory Café, Doc Pierce's, Ball Band Biergarten, and Sun King Brewery, adds to its appeal. The property is zoned for commercial use and presents a significant opportunity for investors seeking a high-visibility location within a thriving downtown area. An adjacent 0.67-acre improved property is also available separately from the same seller. The property's address is 136 E Mishawaka Ave, Mishawaka, IN 46545.

    Property Features for 136 Mishawaka Ave

    General Information

    Property type
    Land
    Lot Size
    12,632 SF

    HighLights

    • Prime .29 to .96‑acre commercial land in Mishawaka, IN, available for $199,000.
    • High‑visibility corner lot at Mishawaka Ave & Sarah St, near downtown amenities.
    • Ideal for mixed‑use or multi‑family development.
    • Zoned commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St Joseph
    State
    Indiana
    Longitude
    -86.1800089
    Latitude
    41.6664424

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    FAQs

    What type of property is this?
    Land - Downtown Mishawaka development lot.
    Where is this land located?
    The property is located at 136 Mishawaka Ave Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Prime .29 to .96-acre commercial land in Mishawaka, IN, available for $199,000.; High-visibility corner lot at Mishawaka Ave & Sarah St, near downtown amenities.; Ideal for mixed-use or multi-family development.
    (574) 485-1520
    Request Owner's contact information
    136 Mishawaka Ave Mishawaka, IN 46545
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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
    136 Mishawaka Ave Mishawaka, IN 46545
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