2754 Lincolnway E Mishawaka, IN 46544-3536

This exceptional 4.24-acre commercial land parcel presents a prime development opportunity in Mishawaka, Indiana. Located at the highly visible corner of Lincolnway East and Capital Avenue, this property boasts approximately 3.4 acres of buildable land, already zoned R-3 for multi-family use. The site offers extensive frontage on both the St. Joseph River and a creek, providing unique aesthetic and recreational potential. High daily traffic counts on both Lincolnway East (approximately 21,500 vehicles) and Capital Avenue (approximately 26,700 vehicles) ensure exceptional visibility and accessibility. A conceptual layout suggests the possibility of a mixed-use development. The property's strategic location offers convenient proximity to Twin Branch Park (1 mile), Schmucker Middle School and Penn High School (1.5 miles), Downtown Mishawaka and the Mishawaka Riverwalk (2.5 miles), the Grape Road/Main Street shopping corridor (5 miles), the Indiana Toll Road Interchange at Capital Avenue (5 miles), Granger, Indiana (5 miles), Elkhart (7 miles), and the University of Notre Dame (7 miles). Note that an existing building on the property is slated for demolition commencing in May 2025. The asking price is $2,150,000, with a land value of $507,075 per acre. 2023 property taxes totaled $22,015.92. A separate 1.22-acre outlot is also available for purchase.