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    12th St & Capital Ave Mishawaka, IN 46544

    Sponsored
    For Sale
    $250,000

    1.43 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.43-acre commercial land parcel, located at the intersection of 12th Street and Capital Avenue in Mishawaka, Indiana, presents a remarkable development opportunity. The property boasts 226 feet of frontage on East 12th Street and a depth of 263 feet, offering significant visibility and accessibility. Its S-2 PUD zoning allows for a variety of retail or retail pad uses, making it ideal for a range of commercial ventures. The site benefits from its proximity to a recently constructed convenience store and car wash, suggesting a thriving commercial area. Conveniently situated on the south side of Mishawaka, this location provides easy access to the US 20/31 Bypass (St. Joseph Valley Parkway) and the I-80/90 Indiana Toll Road via the newly expanded Capital Avenue extension, approximately a quarter-mile away. The 12th Street corridor features a diverse mix of commercial, industrial, and residential properties, historically exhibiting low vacancy rates due to high owner-occupancy. The property's APN is 71-09-23-226-001.000-031. This is a rare opportunity to acquire a strategically located commercial land parcel in a growing area of Mishawaka, offering significant potential for future development and return on investment. The asking price is $250,000.

    Property Features for 12th St & Capital Ave

    General Information

    Property type
    Land
    Lot Size
    62,291 SF

    HighLights

    • S‑2 PUD zoning.
    • Excellent development potential.
    • Adjacent to new retail (convenience store and car wash).
    • 263‑foot lot depth.
    • 226‑foot frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mishawaka
    County
    St Joseph
    State
    Indiana
    Longitude
    -86.1443139
    Latitude
    41.6511394

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    FAQs

    What type of property is this?
    Land - 1.43 Acres, Prime Retail Location
    Where is this land located?
    The property is located at 12th St & Capital Ave Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: S-2 PUD zoning.; Excellent development potential.; Adjacent to new retail (convenience store and car wash).
    Request Owner's contact information
    12th St & Capital Ave 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
    12th St & Capital Ave Mishawaka, IN 46544
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