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    OFF-MARKET
    Warehouses

    2114 Lynn St, Mishawaka, IN 46545-7018

    7,480 SF 0.17 ac lot Built 1988
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US31-0318546
    Property summary
    AI-generated overview

    This 7,480-square-foot flex space building in Mishawaka, Indiana, is available for $415,000. Located on Lynn Street, this property boasts excellent visibility due to its proximity to McKinley Highway, which sees nearly 20,000 vehicles daily. Situated on a 1.95-acre lot, the building offers a clean and open retail/showroom space, adjacent offices, and warehouse space on the first floor. A mezzanine level provides additional office space and storage. The property features 124 feet of frontage and excess outlot land, making it ideal for a variety of uses or redevelopment. This prime location is on the eastern edge of the Mishawaka Business District, surrounded by local and national retailers, businesses, and residential neighborhoods. It's minutes from the UP Retail Trade Corridor, Town & Country Shopping District, Bethel University, the University of Notre Dame, St. Mary's College, and the downtowns of Mishawaka and South Bend. The property's Assessed Property Number (APN) is 71-09-10-227-001.000-023, 71-09-10-227-003.000-023, 71-09-10-227-004.000-023. The current lease is a modified lease expiring January 31, 2028, with approximately 3.2 years remaining. The price per square foot is $55.48. This is a fantastic opportunity for investors or businesses seeking a high-visibility location in a thriving area.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1988
    Construction TYPE NOT SPECIFIED
    Total area 7,480 SF
    Lot 0.17 ac (7,440 SF)
    APN 71-09-10-227-003.000-023
    UPID US31-0318546
    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
    • Fastenal Fulfillment Center Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Concord Capital LLC · 1 yrs held
    Concord Capital LLC
    since 2024
    Last sale
    $407,000
    2 recorded transactions
    2024
    $407,000
    2011
    $112,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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