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    Property profile & analytics

    2330 Hickory Rd Mishawaka, IN 46545

    • Grocery and convenience stores
    • 42,761 SF
    For Lease
    View listing
    Value Estimation
    $755,000
    Location Intelligence
    Property ID
    US31-1521681
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kroger Bakery / Grocery Store / Pie Shop
    • Cardtronics ATM / Atm
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Kroger Deli / Deli / Cheese Shop
    • Kroger / Grocery Store / Bakery

    Property Details for 2330 Hickory Rd

    Year built
    1986
    Construction
    TYPE NOT SPECIFIED
    Property size
    42,761 SF
    Property type
    Grocery and convenience stores
    APN
    71-09-04-351-901.000-023
    APU
    710904351901000023

    Description

    This exceptional 0.5-acre commercial pad site presents a remarkable opportunity for retail development in Mishawaka, Indiana. Strategically located within the thriving Town & Country shopping center at 2330 Hickory Rd, zip code 46545, this property boasts unparalleled visibility and accessibility. The site is situated directly north of a Kroger grocery store, ensuring high foot traffic and strong consumer presence. The surrounding area is anchored by a diverse mix of established national and regional retailers, including Dunham's Sports, Chuck E. Cheese, a BMV branch, United Art & Education, Dollar Tree, Harbor Freight Tools, Arby's, Rent-A-Center, Mishawaka Furniture, Popeyes, and Firestone. This nearly fully-leased, 350,000+ square foot power center guarantees a robust and established customer base. The property is classified as commercial land for single-tenant occupancy, offering significant potential for a variety of retail uses. Located in St. Joseph County, this site provides easy access to major roadways and a dense residential population, making it an ideal location for businesses seeking high visibility and strong sales potential. The property's prime location and surrounding retail environment make it an exceptional investment opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $860,000

    • CAP approach

      CAP return
      Estimation
      6%
      $835,000
      6.5%
      $800,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $740,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $690,000
      Retail
      $815,000
      Mixed-Use
      $650,000
      Hospitality
      $590,000
      Educational
      $750,000
      Residential Income
      $675,000
      Energy
      $775,000
      Income-Based Land
      $670,000
      Food Service
      $615,000

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1959
    Latitude
    41.6812
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,837
    $0.00
    $1,279,700
    $1,279,700
    -
    $0.00
    $1,279,700
    $1,279,700

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      1624 Douglas Rd

      CONVENIENCE STORE • 3,360 SF
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      View Details
    • Value Estimation
      $395,000
      2,560 SF

      601 Main St

      CONVENIENCE STORE • 2,560 SF
      601 Main St, Mishawaka, IN 46545-6619
      View Details
    • Value Estimation
      $345,000
      3,000 SF

      910 Douglas Rd

      CONVENIENCE STORE • 3,000 SF
      910 Douglas Rd, Mishawaka, IN 46545-1434
      View Details
    • Value Estimation
      $355,000
      2,480 SF

      3410 Main St

      CONVENIENCE STORE • 2,480 SF
      3410 Main St, Mishawaka, IN 46545
      View Details
    • Value Estimation
      $360,000
      2,220 SF

      335 Mckinley Ave

      CONVENIENCE STORE • 2,220 SF
      335 Mckinley Ave, Mishawaka, IN 46545-5601
      View Details
    • Value Estimation
      $345,000
      1,440 SF

      1607 Mckinley Ave

      CONVENIENCE STORE • 1,440 SF
      1607 Mckinley Ave, Mishawaka, IN 46545-7211
      View Details

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    Mishawaka, IN 46545
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    Realmo Value Estimation

    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.

    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.

    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
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