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    3618 Grape Rd Mishawaka, IN 46545

    Sponsored
    For Lease
    $12 SF/Yr

    41,900 SF Flex Space, High Traffic Area

    Lot size:
    41,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 41,900-square-foot flex space in Mishawaka, Indiana, presents a unique investment opportunity. Located at 3618 Grape Road, this single-building property boasts a prime location within University Park, Indiana's second-largest retail trade area, serving a population exceeding 900,000 with a combined buying income of $6 billion. The property, built in 1979, features a versatile layout combining 20,400 square feet of two-level office/retail space with industrial warehouse space. Units are divisible to a minimum of 6,400 square feet, with a maximum contiguous space of 8,900 square feet. The property includes one loading dock and ample parking with 217 spaces. Benefit from high visibility with significant display area on a prominent pylon sign, and capitalize on the substantial daily traffic counts on Grape Road (19,797) and Edison Road (22,288). The property's strategic location, just 2.5 miles from the University of Notre Dame, further enhances its appeal. Nearby developments, including St. Joseph Regional Medical Center's new $350 million campus, contribute to the area's robust economic growth. The property is zoned C-2 Commercial and sits on 2.26 acres of land. The building features an 18-foot ceiling height. This is an ideal opportunity for businesses seeking a high-traffic, well-located space in a thriving market. The property's multiple tenancy allows for flexibility and diverse income streams.

    Property Features for 3618 Grape Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,900 SF
    Total Rate
    43645.83

    Building Details

    Year Built
    1979
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    8,900 SF
    Rate per SF
    $12

    HighLights

    • High‑visibility location on Grape Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Idea Company, ... Marketing Agency Oriental Market Asian Grocery Store 오리엔탈 마켓 Grocery Store

    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
    -86.1862214
    Latitude
    41.6935852

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    FAQs

    What type of property is this?
    Flex space - 41,900 SF Flex Space, High Traffic Area
    Where is this flex space located?
    The property is located at 3618 Grape Rd Mishawaka, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location on Grape Road.; ;
    Request Owner's contact information
    3618 Grape Rd 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
    3618 Grape Rd Mishawaka, IN 46545
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