0 Grape Rd Mishawaka, IN 46545
This exceptional 1.25-acre commercial land parcel presents a remarkable development opportunity in Mishawaka, Indiana. Strategically located on Grape Road, just south of the expansive University Park Mall (1,100,000 square feet), this outlot boasts unparalleled visibility and accessibility. Situated within the thriving University Park Trade Area, encompassing over 6 million square feet of retail space, the property benefits from a dense concentration of major retailers including Taco Bell, Apex Climbing Gym, Hobby Lobby, Fresh Thyme, Meijer, TJ Maxx, Home Depot, and Valvoline, ensuring a substantial customer base. The combined daily traffic count on Grape Road and Douglas Road exceeds 41,000 vehicles, providing exceptional exposure for any development. Its proximity to Edison Lakes Corporate Park (a 700-acre mixed-use development), the state-of-the-art Saint Joseph Health Services Mishawaka campus, and the University of Notre Dame further enhances its desirability. The property is zoned for commercial use (APN: 029-1004-030201) and offers significant potential for a variety of commercial ventures. This is a rare opportunity to acquire a highly visible and strategically located parcel within a rapidly growing area, offering access to a vast retail customer base extending within an 80-mile radius. The asking price is $845,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.