14017 Dragoon Trl Mishawaka, IN 46544
- Retail space
- 5.17 lot acres
Current Use by Public Records
- BARGAIN BARN / Shopping Mall
Property Details for 14017 Dragoon Trl
- Year built
- 1849
- Lot size
- 5.17 lot acres
- Property type
- Retail space
- APN
- 71-09-26-226-015.000-031
- APU
- 710926226015000031
Description
This exceptional 6.93-acre property presents a remarkable development opportunity in Mishawaka, Indiana. Strategically located at the corner of heavily trafficked Capital Avenue/IN-331 (approximately 13,500 vehicles daily, per INDOT data) and Dragoon Trail, this site boasts unparalleled visibility. The property comprises three parcels, offering flexibility for various development plans. Approximately 1.7 acres are zoned Commercial, featuring approximately 350 feet of frontage on Dragoon Trail, ideal for retail or commercial ventures. The remaining 5.23 acres are zoned Residential, providing approximately 630 feet of high-visibility frontage on Capital Avenue/IN-331. A zoning map is available upon request. Powerlines running along Capital Avenue, while present, allow for potential parking lot development. This prime location offers exceptional proximity to key transportation arteries, including the Capital Avenue/US 20 Bypass interchange (just 3/4 of a mile away), Lincolnway East (2 miles), and US 31 South (less than 7 miles). The property is served by the Penn-Harris-Madison School Corporation. The seller is willing to divide the property and adjust pricing accordingly. The asking price for the entire 6.93-acre parcel is $649,000, representing a price per acre of $100,288.60. This is a rare opportunity to acquire a highly visible and strategically located development site in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $295,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $275,000
- Mixed-Use
- $290,000
- Hospitality
- $270,000
- Educational
- $275,000
- Residential Income
- $260,000
- Energy
- $300,000
- Income-Based Land
- $320,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Mishawaka
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.139
- Latitude
- 41.6358
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
