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    Property profile & analytics
    OFF-MARKET Estimated value $1,115,000
    Office Spaces

    1736 Day Rd 1820, Mishawaka, IN 46545-4330

    11,088 SF 2.2 ac lot Built 2015
    Individually Owned 13-yr Hold Absentee Owner Free & Clear
    Property ID
    US31-1935161
    Property summary
    AI-generated overview

    This exceptional Class A medical office space, totaling 2,120 square feet, is situated within THE PLAZA at Day & Fir (Phase III) in Mishawaka, Indiana, at 1736 E Day Rd, 46545. The property boasts a convenient location, offering easy access to major roadways including the Indiana Toll Road (80/90), US 20 By-Pass, and Capital Avenue. The building, constructed in 2017, is part of a three-building complex situated on 3.5 acres and features ample parking (225+ spaces), including a new lot built in 2022 with Fir Road access. This first-floor suite benefits from high visibility and prominent building and monument signage, experiencing over 13,000 car passes daily. The space is part of a thriving professional community, including The South Bend Clinic (with a new 4,000 sq ft spa), three healthcare companies, three financial services companies, an insurance company, and other professionals. The location is strategically positioned near significant developments such as the St. Joseph Regional Medical Center, a new VA Hospital, WSBT-TV Building, and various other medical and assisted living facilities. Furthermore, its proximity to the new Mishawaka Sports Complex (opening in 2024) and University Park Regional Mall enhances its appeal. The zoning is C-1 Commercial, and the minimum divisible space is 2,120 square feet, with a maximum contiguous space of 2,120 square feet. The total building size is 10,000 square feet, with one suite currently available.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 2015
    Construction WOOD
    Total area 11,088 SF
    Lot 2.2 ac (95,832 SF)
    APN 71-04-35-351-011.000-022
    UPID US31-1935161
    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
    • HealthMarkets Insurance - Melissa Rosswurm Insurance Agency
    • The Patzer Group Wealth Management Financial Advisor
    • Motasem Afyouni, MD Physician
    • Howard Bailey Financial, Inc. Financial Advisor
    • Dahan Al-Fadhl, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.31M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.12M
    Owner & transaction history
    Tiberius Mihalache · 13 yrs held
    Tiberius Mihalache
    since 2013
    1 recorded transaction
    2013
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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