Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    607 Meijer Dr Mishawaka, IN 46544

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    607 Meijer Dr Mishawaka, IN 46544

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 607 Meijer Dr

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 6.09-acre parcel of industrial land presents a prime opportunity for development in Mishawaka, Indiana. Located at 607 Meijer Drive, this shovel-ready site boasts unparalleled visibility and accessibility. Originally a Meijer outlot, the property offers direct frontage on Meijer Drive and an impressive 749 feet of exposure along the US 20 Bypass (St. Joseph Parkway). Its high-profile location places it directly across from a Meijer store, McDonald's, and Taco Bell, ensuring significant foot and vehicle traffic. The proximity to the SR 331 and US 20 bypass interchange further enhances its strategic advantage, providing easy access for customers and employees. This property is zoned for commercial or retail use, making it ideal for a variety of development projects. The site is situated within the Penn-Harris-Madison School Corporation district. With its excellent location, high visibility, and convenient access, this property represents a compelling investment opportunity for businesses seeking a strong presence in a thriving market. The asking price for this exceptional property is $399,000. Don't miss this chance to acquire a truly remarkable piece of commercial real estate in a high-growth area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.173
    Latitude
    41.6255

    Comparable in this City

    • Value Estimation by Request

      Day Rd

      Land
      0 Day Rd, Mishawaka, IN 46544
      View Details
    • Value Estimation by Request
      1.00 Acre

      5000 Lincolnway

      Land • 1.00 Acre
      5000 Lincolnway, Mishawaka, IN 46544
      View Details
    • Value Estimation by Request
      8.70 Acres

      St Jerome St

      Land • 8.70 Acres
      0 St Jerome St, Mishawaka, IN 46544
      View Details
    • Value Estimation by Request
      6.07 Acres

      607 Meijer Dr

      Land • 6.07 Acres
      607 Meijer Dr, Mishawaka, IN 46544
      View Details
    • Value Estimation by Request
      1.22 Acres

      1.22 Acre Outlot Lincolnway

      Land • 1.22 Acres
      0 1.22 Acre Outlot Lincolnway, Mishawaka, IN 46544
      View Details
    • Value Estimation by Request
      25.46 Acres

      Elm Bodnar Blvd

      Land • 25.46 Acres
      0 Elm Bodnar Blvd, Mishawaka, IN 46544
      View Details

    Similar Nearby for Sale

    • $3,676,400
      9.59 Acres

      Mishawaka Industrial Facility For Sale

      Industrial facility with easy access, heavy power, and updated offices.
      1655 E 12Th St, Mishawaka, IN 46544
      View Details
    • $169,000
      11,060 SF

      Versatile Commercial Mixed-Use Property

      High-traffic location, income potential, flexible warehouse space.
      2302 Lincolnway West, Mishawaka, IN 46544
      View Details
    • $329,000
      0.41 Acres

      Warehouse with Apartment in Mishawaka

      Warehouse with a one-bedroom apartment on Mishawaka's west side.
      1200 W 6Th St, Mishawaka, IN 46544
      View Details
    • Contact for pricing
      91,910 SF

      Mishawaka Industrial Facility For Sale

      Industrial facility with easy access and heavy power.
      1655 E 12Th St, Mishawaka, IN 46544
      View Details
    • $58,000
      0.14 Acres

      Commercial Land on High-Traffic Corner

      Commercial land available on a high-traffic corner lot.
      1213 W Lincolnway, Mishawaka, IN 46544
      View Details
    • $629,000

      Development Opportunity on Lincolnway East

      Prime industrial/commercial development parcel with high traffic frontage.
      12340 E Lincolnway, Mishawaka, IN 46544
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      16,160 SF

      Mishawaka Warehouse Space

      16,160 SF Warehouse, Multiple Suites
      5005 Lincolnway, Mishawaka, IN 46544
      View Details
    • Contact for pricing

      Corner Lot Near Downtown Mishawaka

      Corner lot with high visibility, build to suit options available.
      501 Lincolnway E, Mishawaka, IN 46544
      View Details
    • $12 SF/Yr

      Neighborhood Shopping Center Space Available

      Retail and restaurant spaces for lease in Mishawaka, Indiana.
      324 N Bittersweet Rd, Mishawaka, IN 46544
      View Details
    • Contact for pricing

      Bittersweet Plaza Retail Opportunity

      Retail space and land for lease in Mishawaka, Indiana.
      324 N Bittersweet Rd, Mishawaka, IN 46544
      View Details
    • $12 SF/Yr
      3,750 SF

      Restaurant Suite in Bittersweet Plaza

      Second-generation restaurant suite in a high-traffic shopping center.
      306-340 N Bittersweet Rd, Mishawaka, IN 46544
      View Details
    • Contact for pricing
      5,423 SF

      Mishawaka Retail Space Available

      Retail space for lease in Mishawaka, Indiana.
      520 N Bittersweet Rd, Mishawaka, IN 46544
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    607 Meijer Dr
    Mishawaka, IN 46544
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    607 Meijer Dr, Mishawaka, IN, 46544
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!