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    Property profile & analytics

    1510 Clover Rd Mishawaka, IN 46545-7253

    • Office Properties & Spaces
    • 1,080 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Last Sale
    Feb 19, 2025
    Location Intelligence
    Property ID
    US31-1831522
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1510 Clover Rd

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.00 lot acres
    Property size
    1,080 SF
    Property type
    Office Properties & Spaces
    APN
    71-09-11-176-004.000-022
    APU
    710911176004000022

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $340,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $395,000
      Mixed-Use
      $350,000
      Hospitality
      $360,000
      Educational
      $325,000
      Residential Income
      $375,000
      Energy
      $360,000
      Income-Based Land
      $350,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1532
    Latitude
    41.6751
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,096
    $48,700
    $54,500
    $103,200
    -
    $48,700
    $54,500
    $103,200

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    1510 Clover Rd
    Mishawaka, IN 46545-7253
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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