0 Douglas Rd Mishawaka, IN 46545
This exceptional 1-acre commercial outlot is situated at the high-traffic intersection of Douglas Road and Main Street in Mishawaka, Indiana (zip code 46545). Zoned S2-Planned Unit Development, this property presents a unique investment opportunity within a thriving retail corridor. The site boasts unparalleled visibility and accessibility, benefiting from its location adjacent to the state-of-the-art St. Joseph Health System Hospital (a Trinity Health member) and within the bustling Main Street/Grape Road shopping area. This area is one of Indiana's largest shopping corridors, featuring numerous nationally recognized brands including Costco, Target, University Park Mall (a Simon Mall), Menard's, Lowe's, and Ruth's Chris Steakhouse, among others. The property also enjoys proximity to desirable residential areas in Granger and Mishawaka, placing it within easy reach of the University of Notre Dame, Eddy Street Commons, the Mishawaka Riverwalk, and downtown South Bend. Furthermore, the property is part of a planned Class A development village, with an adjacent 10-acre parcel slated for a high-density residential project. This strategic location and development potential make this 1-acre outlot an exceptional investment opportunity. The asking price is $995,000, representing a land value of $995,000 per acre. The property is offered for sale by owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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