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Property profile & analytics
FOR LEASE
Residential income homes

111 Lincolnway E Mishawaka, IN 46544

8,860 SF 0.06 ac lot Built 1975
Entity Owned 12-yr Hold
Property ID
US31-2059991
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 8,860 SF
Lot 0.06 ac (2,800 SF)
APN 71-09-16-280-017.000-023
UPID US31-2059991
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tree House Bar And Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Spring Mill Investments LLC · 12 yrs held
Spring Mill Investments LLC
since 2013
6 recorded transactions
2020
Price N/A
2013
Price N/A
2011
Price N/A
2011
Price N/A
2010
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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