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Property profile & analytics
OFF-MARKET
Commercial real estate

2706 Grape Rd Mishawaka, IN 46545

1.7 ac lot
Property ID
US31-1734379
Property summary
AI-generated overview

This exceptional 1.7-acre commercial land parcel presents a remarkable redevelopment opportunity in Mishawaka, Indiana. Located at 2706 Grape Road, this property boasts 340 feet of frontage on a heavily trafficked road, averaging 15,000 cars daily, and is just a quarter-mile north of McKinley Avenue, which sees 20,000 vehicles daily (per INDOT traffic counts). Its prime location offers excellent visibility and accessibility, situated only one mile from the Grape Road/Main Street shopping corridor, two miles from downtown Mishawaka and the Mishawaka Riverwalk, 2.5 miles from the University of Notre Dame, and 3.5 miles from downtown South Bend. Currently, the property includes a well-maintained 2,407-square-foot house and a two-car detached garage, presenting options for immediate income generation or future development. The R-1 residential zoning allows for a variety of development possibilities, including office, multi-family, or light retail uses. The asking price is $710,000, translating to $417,647.05 per acre. Annual property taxes are $4,868.78. This property's strategic location and significant frontage make it an ideal investment for discerning buyers seeking high-impact development potential in a thriving community.

Property profile
Verified
Property type Commercial real estate
Lot 1.7 ac (74,052 SF)
UPID US31-1734379
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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