1510 Clover Rd, Mishawaka, IN 46545-7253
This Mishawaka, Indiana industrial property offers a unique investment opportunity. Located at 1510 Clover Road, 46545, this two-acre site boasts three existing buildings totaling 4,200 square feet, ideal for manufacturing or storage. The property is zoned I-2, allowing for a variety of uses. Building 1 offers 1,800 square feet with 14-foot ceilings and one overhead door. Building 2 comprises 1,320 square feet, features 12-foot ceilings, two overhead doors, and a restroom. Building 3 is slated for demolition. The property benefits from its convenient location on the north side of Mishawaka, just one mile from the Capital Street Expansion and US 20 (McKinley Highway), providing excellent access to major transportation routes. The asking price is $350,000, translating to $83.33 per square foot. Outside storage is permitted, adding further value to this versatile property. High land value makes this a compelling investment in a thriving industrial area. The property's location near the Capital Street expansion presents significant growth potential.
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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Risks
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