309 Bittersweet RdMishawaka, IN 46544

Property Details for 309 Bittersweet Rd

Year built

2001

Construction

TYPE NOT SPECIFIED

Lot size

0.58 AC

Property size (Sq ft)

7,000 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

71-10-18-130-044.000-023

APU

711018130044000023

Description

This exceptional retail opportunity presents a freestanding building totaling 7,000 square feet, situated on a 0.6-acre lot in Mishawaka, Indiana. Currently, approximately 2,150 square feet is available, with flexible space ranging from 1,925 to 2,150 square feet. The property boasts a modern façade, having undergone renovations in 2020. The building, constructed in 1999, features a single story and is zoned C-2 Commercial. The location offers unparalleled visibility, directly across from Martin's Supermarket and near City Wide Liquor and KFC, ensuring high foot traffic. The property includes over 20 paved parking spaces, a security system, and pylon signage. Tenant improvement packages may be available, contingent upon lease terms. This prime location benefits from proximity to Penn High School (over 3,500 students) and AM General, attracting a substantial workforce and residential population. The property's address is 309 N Bittersweet Rd, Mishawaka, IN 46544, with the APN 71-10-18-130-044.000-023 in St. Joseph County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,316,567

  6.5%

  $1,215,293

  7%

  $1,128,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $911,750

  Geo Method

  $911,750

• Alternative Use

  Use

  Valuation

  Residential

  $1,506,963

  Hospitality

  $1,380,370

  Educational

  $1,148,452

  Medical

  $1,187,948

  Retail

  $1,786,480

Location Insight

City

Mishawaka

County

St. Joseph

State

Indiana

Latitude

41.6649

Longitude

-86.11

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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