1.22 Acre Outlot Lincolnway Mishawaka, IN 46544
- Land
- 1.22 lot acres
Current Use by Public Records
- Land
Property Details for 0 1.22 Acre Outlot Lincolnway
- Lot size
- 1.22 lot acres
- Property type
- Land
Description
This 1.22-acre outlot in Mishawaka, Indiana, presents a prime development opportunity. Located at the intersection of Lincolnway East and Capital Avenue, this property boasts exceptional visibility with approximately 21,500 cars daily on Lincolnway East and 26,700 cars daily on Capital Avenue (per INDOT traffic counts). Zoned R-3 for multi-family use, the site is ideal for a variety of commercial ventures, including a fast-casual restaurant with a drive-thru, a full-service restaurant (eligible for a Mishawaka River liquor license), or a small strip center. The property's strategic location offers convenient proximity to key amenities: one mile from Twin Branch Park, 1.5 miles from Mishawaka High School, 2.5 miles from Schmucker Middle School and Penn High School, 2.5 miles from Downtown Mishawaka and the Mishawaka Riverwalk, 5 miles from the Grape Road/Main Street shopping corridor, 5 miles from the Indiana Toll Road Interchange at Capital Avenue, 5 miles from Granger, Indiana, 7 miles from Elkhart, and 7 miles from the University of Notre Dame. The asking price is $1,050,000 ($815,573/acre). Note: An existing building on the property will be demolished, with demolition commencing in May 2024. 2023 property taxes were $22,015.92. This is a truly exceptional opportunity for investors seeking high-impact commercial development in a thriving location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mishawaka
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.1353
- Latitude
- 41.6622
