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    Douglas Rd Mishawaka, IN 46545

    For Sale
    $995,000

    1-Acre Outlot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1-acre commercial outlot is situated at the high-traffic intersection of Douglas Road and Main Street in Mishawaka, Indiana (zip code 46545). Zoned S2-Planned Unit Development, this property presents a unique investment opportunity within a thriving retail corridor. The site boasts unparalleled visibility and accessibility, benefiting from its location adjacent to the state-of-the-art St. Joseph Health System Hospital (a Trinity Health member) and within the bustling Main Street/Grape Road shopping area. This area is one of Indiana's largest shopping corridors, featuring numerous nationally recognized brands including Costco, Target, University Park Mall (a Simon Mall), Menard's, Lowe's, and Ruth's Chris Steakhouse, among others. The property also enjoys proximity to desirable residential areas in Granger and Mishawaka, placing it within easy reach of the University of Notre Dame, Eddy Street Commons, the Mishawaka Riverwalk, and downtown South Bend. Furthermore, the property is part of a planned Class A development village, with an adjacent 10-acre parcel slated for a high-density residential project. This strategic location and development potential make this 1-acre outlot an exceptional investment opportunity. The asking price is $995,000, representing a land value of $995,000 per acre. The property is offered for sale by owner.

    Property Features for 0 Douglas Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑acre commercial outlot in Mishawaka, IN (46545), at the high‑traffic intersection of Douglas Road and Main Street.
    • Located in a thriving retail corridor with unparalleled visibility and accessibility.
    • Adjacent to St. Joseph Health System Hospital and within the Main Street/Grape Road shopping area, home to numerous national retailers including Costco, Target, and University Park Mall.
    • Part of a planned Class A development village with an adjacent 10‑acre parcel slated for high‑density residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.178431741457
    Latitude
    41.709547398044

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    FAQs

    What type of property is this?
    Land - 1-Acre Outlot, Prime Location
    Where is this land located?
    The property is located at Douglas Rd Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 1-acre commercial outlot in Mishawaka, IN (46545), at the high-traffic intersection of Douglas Road and Main Street.; Located in a thriving retail corridor with unparalleled visibility and accessibility.; Adjacent to St. Joseph Health System Hospital and within the Main Street/Grape Road shopping area, home to numerous national retailers including Costco, Target, and University Park Mall.
    (574) 243-9522
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    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
    Douglas Rd Mishawaka, IN 46545
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