Property profile & analytics
501 Lincolnway Mishawaka, IN 46544
- Retail space
- 1,236 SF
- 0.16 lot acres
For Lease
View listing
$4 SF/Yr
Value Estimation
$280,000
Location Intelligence
Property ID
US31-1911219
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
- Raelynn’s Cafe / Lunch Restaurant / Restaurant
Property Details for 501 Lincolnway
- Year built
- 1952
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 1,236 SF
- Property type
- Retail space
- APN
- 71-09-16-255-003.000-023
- APU
- 710916255003000023
Description
This exceptional 0.31-acre commercial land parcel, located at 501 & 507 Lincolnway East in Mishawaka, Indiana (zip code 46544), presents a unique investment opportunity. Zoned C-3 Commercial, this property boasts high visibility at the corner of S. Pine Street and Lincolnway East, offering easy access and significant exposure. The site consists of one building on a 13,504 square foot lot (APN: 71-09-15-153-001.000-023
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $275,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $260,000
- Mixed-Use
- $305,000
- Hospitality
- $260,000
- Educational
- $250,000
- Residential Income
- $255,000
- Energy
- $250,000
- Income-Based Land
- $310,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Mishawaka
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.1863
- Latitude
- 41.6608
- 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
$2,196
$31,200
$34,400
$65,600
-
$31,200
$34,400
$65,600
