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    15022 Douglas Rd Mishawaka, IN 46545

    For Sale
    $1,456,250

    2.33-acre prime Mishawaka location. High traffic counts.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.33-acre commercial development site in Mishawaka, Indiana, presents a unique investment opportunity. Located at the signalized intersection of Douglas and Fir Roads, this property boasts a C-10 Commercial zoning designation (effective July 2024), permitting a wide range of uses including fuel centers, convenience stores, drive-thrus, drugstores, retail, medical offices, and general office space. The site is divisible, with options for purchasing the entire 2.33 acres for $1,456,250, or acquiring a 1.51-acre corner lot for $1,150,000 and a .82-acre lot for $475,000. Lot sizes are adjustable to meet specific needs. This location benefits from its proximity to major infrastructure, including easy access to the Indiana Toll Road (I-80/90), US 20 Bypass, and Capital Avenue Extension. Douglas Road has recently been widened to five lanes at the intersection. High daily traffic counts average 25,000 vehicles (15,000 on Douglas Road and 10,000 on Fir Road). The property enjoys a strategic position near significant developments, including the St. Joseph Regional Medical Center, a new VA Hospital, and the Mishawaka Sports Complex (opening in Fall 2024 or Spring 2025). City water, sewer, and utilities are readily available on-site. This property is ideal for developers seeking a high-visibility location with strong potential for return on investment.

    Property Features for 15022 Douglas Rd

    General Information

    Property type
    Medical offices
    Lot Size
    35,719 SF

    HighLights

    • Exceptional 2.33‑acre commercial development site in Mishawaka, IN.
    • Located at the signalized intersection of Douglas and Fir Roads with C‑10 Commercial zoning (effective July 2024).
    • Divisible site: 2.33 acres for $1,456,250, or 1.51‑acre corner lot for $1,150,000 and a .82‑acre lot for $475,000. Lot sizes are adjustable.
    • High traffic counts (25,000 vehicles daily), excellent access to I‑80/90, US 20 Bypass, and Capital Avenue Extension. Douglas Road recently widened to five lanes.
    • Near St. Joseph Regional Medical Center, new VA Hospital, and Mishawaka Sports Complex (opening Fall 2024/Spring 2025). City utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St Joseph
    State
    Indiana
    Longitude
    -86.160620920419
    Latitude
    41.709671107464

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    FAQs

    What type of property is this?
    Medical office - 2.33-acre prime Mishawaka location. High traffic counts.
    Where is this medical office located?
    The property is located at 15022 Douglas Rd Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $1,456,250.
    What are key features of this property?
    This property features: Exceptional 2.33-acre commercial development site in Mishawaka, IN.; Located at the signalized intersection of Douglas and Fir Roads with C-10 Commercial zoning (effective July 2024).; Divisible site: 2.33 acres for $1,456,250, or 1.51-acre corner lot for $1,150,000 and a .82-acre lot for $475,000. Lot sizes are adjustable.
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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
    15022 Douglas Rd Mishawaka, IN 46545
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