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Property profile & analytics
OFF-MARKET
Retail space

14017 Dragoon Trl Mishawaka, IN 46544-6832

5.17 ac lot Built 1849
Trust Owned 3-yr Hold Free & Clear
Property ID
US31-1859245
Property summary
AI-generated overview

This exceptional 6.93-acre property presents a remarkable development opportunity in Mishawaka, Indiana. Strategically located at the corner of heavily trafficked Capital Avenue/IN-331 (approximately 13,500 vehicles daily, per INDOT data) and Dragoon Trail, this site boasts unparalleled visibility. The property comprises three parcels, offering flexibility for various development plans. Approximately 1.7 acres are zoned Commercial, featuring approximately 350 feet of frontage on Dragoon Trail, ideal for retail or commercial ventures. The remaining 5.23 acres are zoned Residential, providing approximately 630 feet of high-visibility frontage on Capital Avenue/IN-331. A zoning map is available upon request. Powerlines running along Capital Avenue, while present, allow for potential parking lot development. This prime location offers exceptional proximity to key transportation arteries, including the Capital Avenue/US 20 Bypass interchange (just 3/4 of a mile away), Lincolnway East (2 miles), and US 31 South (less than 7 miles). The property is served by the Penn-Harris-Madison School Corporation. The seller is willing to divide the property and adjust pricing accordingly. The asking price for the entire 6.93-acre parcel is $649,000, representing a price per acre of $100,288.60. This is a rare opportunity to acquire a highly visible and strategically located development site in a thriving area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1849
Lot 5.17 ac (225,205 SF)
APN 71-09-26-226-015.000-031
UPID US31-1859245
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
  • BARGAIN BARN Shopping Center & Mall
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
Mercantini Trust · 3 yrs held
Mercantini Trust
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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