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    102 Lincolnway Mishawaka, IN 46544

    For Sale
    $630,000

    15,774 SF Restaurant, Office, & Potential Residential

    Property size:
    15,774 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional three-story, 15,774 square foot building, constructed in 1874, presents a unique investment opportunity in Mishawaka, Indiana's thriving central business district. Currently zoned C-3, this adaptable property offers a ground floor layout perfectly suited for a restaurant or bar, complemented by versatile second-floor office space. The third floor provides significant potential for conversion into modern apartments or additional office areas, enhancing the property's income stream. An elevator ensures convenient access to all three floors. The building's prime location at the northeast corner of Lincolnway East (SR-933) and North Main Street, directly across from City Hall, guarantees high visibility and accessibility. This location benefits from significant ongoing urban revitalization efforts, including over $27 million in investments in projects like The Mill at Ironworks Plaza and new residential developments. The property's strategic position within an Opportunity Zone and TIF District offers potential access to additional economic incentives. The asking price is $630,000, translating to $39.94 per square foot. This property's flexible zoning allows for commercial, retail/service, professional office, and residential uses, making it an ideal choice for a variety of investors and developers seeking a high-impact investment in a rapidly growing downtown area. The building's flexible layout and prime location make it an attractive opportunity for mixed-use development.

    Property Features for 102 Lincolnway

    General Information

    Property type
    Restaurants
    Square Feet
    15,774 SF
    Class
    C

    Building Details

    Year Built
    1874
    Stories
    3

    HighLights

    • Yorktown Building: Sale/Lease Opportunity
    • High‑Visibility Corner Location in Downtown Mishawaka's Central Business District
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Corner Pub and Grill Restaurant

    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
    -86.1804606
    Latitude
    41.6613187

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    FAQs

    What type of property is this?
    Restaurant - 15,774 SF Restaurant, Office, & Potential Residential
    Where is this restaurant located?
    The property is located at 102 Lincolnway Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: Yorktown Building: Sale/Lease Opportunity; High-Visibility Corner Location in Downtown Mishawaka's Central Business District;
    Request Owner's contact information
    102 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
    102 Lincolnway Mishawaka, IN 46544
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