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Property profile

515 Park Pl Cir Mishawaka, IN 46545

OFF-MARKET
Other office properties
Property ID
US31-1596767
8,404 SF Built 1993
Last sale Dec 2021 · $5,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Park Place at Edison Lakes Office Village is a 12-building, single-story Class A office complex totaling approximately 75,000 square feet. Constructed in 1991, the brick buildings feature continuous ribbon windows and are situated within a heavily landscaped, park-like setting with mounded plantings, flowering trees, shrubs, large ponds, and fountains. The development is pedestrian-friendly with sidewalks throughout and provides abundant on-site parking. The office environment supports a tenant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$527k
Assessed improvement$527k
Effective rate3.00%

Value estimate

· Oct 2026
$4.09M
$3.68M – $4.50M
AI approach$4.44M
Submarket $/SF estimate$3.43M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$445/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$78 – $665

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionST JOSEPH

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.7
Nail Salon10.5
Parking Facility10.4

Location

515 Park Pl Cir Mishawaka, IN 46545-3584
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
524 Mckinley, Mishawaka, IN 46545-6285 $467,500 Jan 2024 11,520 SF
425 Park Pl, Mishawaka, IN 46545-3563 $5,300,000 Dec 2021 6,360 SF
3515 Park W, Mishawaka, IN 46545-3571 $5,300,000 Dec 2021 6,168 SF
3625 Park Pl, Mishawaka, IN 46545 $5,300,000 Dec 2021 6,153 SF
3665 Park W, Mishawaka, IN 46545-3566 $5,300,000 Dec 2021 6,152 SF
525 Park Pl, Mishawaka, IN 46545-3511 $422,239 Mar 2021 6,168 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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