Property profile

5319-5351 Main St Mishawaka, IN 46545

OFF-MARKET
Lifestyle centers
12,936 SF 1.58 ac lot Built 2005
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the thriving Main Street Marketplace shopping center in Mishawaka, Indiana. The 1,200 square foot space is situated in a highly visible location at the southwest corner of N. Main Street and Douglas Road, a bustling intersection with over 45,000 vehicles passing daily. Built in 2005, this single-story, 12,936 square foot center boasts a strong tenant mix including established businesses such as Starbucks, Jimmy John's, AAA, Great Clips, Eye Site Optical, and Taste of Asia, ensuring high foot traffic and a vibrant atmosphere. The available space features attractive storefront windows, an open floor plan ideal for various retail uses, its own restroom, and access to ample shared on-site surface parking. The property's prime location offers easy access to the Saint Joseph Regional Medical Center, numerous restaurants, shopping centers, and residential areas. Its proximity to the Capital Avenue (SR 331) extension, connecting to the I-80/90 Indiana Toll Road, further enhances its accessibility and appeal. The property is zoned S-2 PUD and sits on 1.58 acres of land (APN: 71-04-33-201-014.000-005). This is a fantastic opportunity for a business seeking a high-visibility location in a well-established and successful shopping center.

Property profile

Verified
Property type Lifestyle centers
Year built 2005
Total area 12,936 SF
Lot 1.58 ac (68,825 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5319-5351 Main St Mishawaka, IN 46545
Mishawaka metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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