121 Grv St Mishawaka, IN 46545-6647
This exceptional Class A office building, located at 121 E Grove St in Mishawaka, Indiana, presents a unique investment opportunity. The property boasts 3,960 square feet of finished office space on the main level, complemented by an additional 3,960 square feet of finished lower-level space – a total of 7,920 square feet. Previously a bank branch, the building features a convenient covered drive-thru area and ample on-site parking. Situated on a 0.96-acre lot at the highly visible corner of Main Street and Mishawaka Avenue, this property benefits from exceptional exposure. The location is ideal, offering proximity to Mishawaka's Central Park and a vibrant downtown area experiencing significant redevelopment, including the Ironworks Plaza Ice Rink and Event Center. Nearby amenities include numerous restaurants and breweries such as Jesus Latin Grill, Chickory Café, Doc Pierce's, Ball Band Biergarten, and Sun King Brewery. The property is zoned for commercial use, presenting exciting possibilities for redevelopment into multi-family, mixed-use, or larger office space. The asking price is $450,000, translating to $113.64 per square foot. Currently vacant, this property offers immediate occupancy and significant upside potential. The property is located in the 46545 zip code.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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