111 Lincolnway Mishawaka, IN 46544
- Residential income homes
- 8,860 SF
- 0.06 lot acres
Current Use by Public Records
- Tree House Bar And Grill / Bar & Grill
Property Details for 111 Lincolnway
- Year built
- 1975
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.06 lot acres
- Property size
- 8,860 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 71-09-16-280-017.000-023
- APU
- 710916280017000023
Description
This exceptional 3,000 square foot retail space, ideally suited for a restaurant or bar, presents a compelling investment opportunity in the heart of downtown Mishawaka. Located on Lincolnway East, this single-tenant property boasts excellent visibility and accessibility, situated conveniently near the intersection of Main and Lincolnway. The property features a substantial, oversized kitchen fully equipped with a powerful exhaust hood, ensuring efficient and effective food preparation. Further enhancing its functionality are a spacious walk-in cooler and a walk-in freezer, providing ample storage for ingredients and supplies. Beyond its operational advantages, the property benefits from its proximity to the Mishawaka Riverwalk, adding to its attractiveness and potentially drawing in foot traffic. The monthly rent is $3,750.00, NNN. This turnkey space offers immediate occupancy and the potential for significant return on investment. The combination of prime location, ample square footage, and well-appointed kitchen facilities makes this an exceptional opportunity for a discerning entrepreneur seeking to establish a thriving business in a vibrant downtown setting. Don't miss this chance to secure a highly desirable commercial property in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $285,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $340,000
- Mixed-Use
- $300,000
- Hospitality
- $335,000
- Educational
- $315,000
- Residential Income
- $265,000
- Energy
- $345,000
- Income-Based Land
- $315,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Mishawaka
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.18
- Latitude
- 41.6608
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA