Financial
Distress signals
Property profile

1320 Merrifield Ave Mishawaka, IN 46544

OFF-MARKET
Other warehouses
Property ID
US31-2005003
28,596 SF 2.07 ac lot Built 1975
Last sale Dec 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a three-building industrial/manufacturing portfolio totaling 113,928 square feet on 10.36 acres. The buildings are approximately 56,000 SF, 29,428 SF, and 28,500 SF, constructed between 1975 and 2001, and include 8 loading docks and 19 overhead doors along with office areas and parking across the buildings. The site also provides approximately 2.75 +/- acres of fully prepared ground suitable for future construction. Electrical service includes 2400 Amp at 480V, 3-phase

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$14k
Tax billed · 2023
Assessed value$451k
Assessed land$42k
Assessed improvement$410k
Effective rate3.00%

Value estimate

· Sep 2026
$530k
$477k – $583k
AI approach$530k
Sales comparison$798k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$43/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$17 – $63

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency35.5
Law Firm25.1
Restaurant24.1

Location

1320 Merrifield Ave Mishawaka, IN 46544-5709
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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1015 12th, Mishawaka, IN 46544-5705 $79,525 Mar 2024 39,109 SF
15314 Harrison, Mishawaka, IN 46544-5721 $105,550 Mar 2024 46,340 SF
221 Cedar, Mishawaka, IN 46544-2253 $336,500 Apr 2022 47,600 SF
1010 Merrifield, Mishawaka, IN 46544-2806 $250,000 Mar 2022 32,040 SF
949 12th, Mishawaka, IN 46544-5726 $450,000 Oct 2021 14,326 SF
58740 Executive, Mishawaka, IN 46544-6844 $975,000 Jan 2021 16,230 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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