Property profile

111 Lincolnway E Mishawaka, IN 46544

FOR LEASE
Residential income homes
Property ID
US31-2059991
8,860 SF 0.06 ac lot Built 1975
Entity Owned 12-yr Hold
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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

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

111 Lincolnway E Mishawaka, IN 46544
Mishawaka metro Census 10202 SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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