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Property profile & analytics
OFF-MARKET
Land

1240 Douglas Rd Mishawaka, IN 46545

9.7 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 9.7-acre commercial land parcel presents a remarkable investment opportunity in Mishawaka, Indiana. Located at 1240 E Douglas Rd, this property boasts 352 feet of frontage on the newly widened (five-lane) Douglas Road, offering unparalleled visibility and accessibility. Its strategic location directly across from the expansive 100-acre Saint Joseph Health System Mishawaka campus and WSBT studios ensures high traffic volume and strong brand recognition. Situated within the thriving University Park Trade area, this site benefits from the proximity to over 6 million square feet of existing retail, commercial, medical, and professional office space, creating a robust and established business environment. The property's zoning is designated as S2 PUD, providing flexibility for a variety of commercial developments. Its convenient location offers easy access to major thoroughfares, including the Capital Avenue extension and the Main Street/Grape Road corridors, as well as close proximity to Elkhart. This prime location within Edison Lakes Corporate Park makes it an ideal site for businesses seeking high visibility and a strong presence in a rapidly growing area. The APN is 71-04-27-400-020.000-036. The asking price for this exceptional property is $2,425,000.

Property profile
Verified
Property type Land
Lot 9.7 ac (422,532 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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