136 Mishawaka Ave Mishawaka, IN 46545
Prime commercial land (.29 to .96 acres) in Mishawaka, Indiana, is available for $199,000. This property boasts a highly visible corner location at Mishawaka Avenue and Sarah Street, offering excellent exposure for any development. Its proximity to Mishawaka's Central Park, the river walk, and a variety of businesses makes it ideal for mixed-use or multi-family projects. The area is experiencing revitalization, evidenced by recent developments such as the Ironworks Plaza Ice Rink and Event Center. This lot is conveniently located near pedestrian footbridges, providing easy access to Beutter Park. Furthermore, its close proximity to numerous restaurants and breweries, including Jesus Latin Grill, Chicory Café, Doc Pierce's, Ball Band Biergarten, and Sun King Brewery, adds to its appeal. The property is zoned for commercial use and presents a significant opportunity for investors seeking a high-visibility location within a thriving downtown area. An adjacent 0.67-acre improved property is also available separately from the same seller. The property's address is 136 E Mishawaka Ave, Mishawaka, IN 46545.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.