60101 Bodnar BlvdMishawaka, IN 46544

This 47,250 square foot medical office building, located at 60101 Bodnar Blvd, Mishawaka, Indiana 46544, presents a compelling investment opportunity. Built in 2007, the property boasts a strong 8.80% capitalization rate and a current NOI of $259,006, despite a 45.5% occupancy rate. The asking price is $2,950,000, translating to $62.43 per square foot. The building is situated within a master-planned medical campus, featuring attractive landscaping. Current tenants include LabCorp, St. Joseph Regional Medical Centers (Trinity Health System) Sleep Clinic, and a Family Practice with Imaging. The property offers a mix of finished and unfinished space, including 2,582 square feet and 4,580 square feet of shell space on the first floor, and 12,094 square feet and 6,046 square feet of shell space on the second floor. Build-out allowances are available, contingent upon lease terms and tenant creditworthiness. The property is zoned PUD and offers potential for expansion. Its convenient location near the St. Joseph Valley Parkway (US 20/31 Bypass) and SR 331 provides easy access to Elkhart, Goshen, La Porte, and the I-80/90 Toll Road. This strategic location serves an underserved population.