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    3223 Bremen Hwy Mishawaka, IN 46544

    Sponsored
    For Sale
    $3,200,000

    14.83 Acres, High Traffic, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14.83-acre commercial Planned Unit Development (PUD) in Mishawaka, Indiana, presents a remarkable investment opportunity. Located at 3223-3107 Bremen Highway, this property boasts a prime location with over 18,000 vehicles passing daily. The site encompasses five addresses: 3223, 3205, 3231, 3119, and 3107 Bremen Highway, offering significant development potential. Zoned for a diverse range of uses, including medical, restaurants, retail, financial institutions, and apartments, this property allows for a mixed-use development. Preliminary plans envision a town square concept, incorporating various businesses and potentially residential components. The property is conveniently situated approximately half a mile north of the US 20 bypass and directly across from a Meijer supermarket, surrounded by thriving businesses such as McDonald's, Subway, Tractor Supply, BP, Taco Bell, Dollar Tree, and a credit union, along with nearby large medical buildings. City utilities, including water, are already connected. The city has indicated a willingness to consider selling the approximately 10 acres in the front for standard commercial use and the approximately 5 acres along the rear tree line separately for multi-unit housing and hospitality uses. This property offers a unique blend of location, zoning flexibility, and infrastructure, making it an ideal platform for a significant commercial development project. The asking price is $3,200,000.

    Property Features for 3223 Bremen Hwy

    General Information

    Property type
    Land

    HighLights

    • 14.83‑acre commercial Planned Unit Development (PUD) in Mishawaka, Indiana, with five addresses on Bremen Highway.
    • High‑traffic location with over 18,000 vehicles passing daily, near US 20 bypass and a Meijer supermarket.
    • Zoned for mixed‑use development, including medical, retail, restaurants, financial, and residential uses.
    • City utilities connected; seller open to selling approximately 10 acres for commercial and 5 acres for multi‑unit housing separately.
    • Asking price: $3,200,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.176873718928
    Latitude
    41.628783426448

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    FAQs

    What type of property is this?
    Land - 14.83 Acres, High Traffic, Development Ready
    Where is this land located?
    The property is located at 3223 Bremen Hwy Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 14.83-acre commercial Planned Unit Development (PUD) in Mishawaka, Indiana, with five addresses on Bremen Highway.; High-traffic location with over 18,000 vehicles passing daily, near US 20 bypass and a Meijer supermarket.; Zoned for mixed-use development, including medical, retail, restaurants, financial, and residential uses.
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    3223 Bremen Hwy 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
    3223 Bremen Hwy Mishawaka, IN 46544
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