2754 Lincolnway E, Mishawaka, IN 46544-3536
- Hotels
- 43,488 SF
- 2.50 lot acres
Current Use by Public Records
- ATM / Atm
Property Details for 2754 Lincolnway E
- Year built
- 1972
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.50 lot acres
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 71-09-13-102-006.000-023
- APU
- 710913102006000023
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 1, 2022 | $750,000 | Signature Hotel Group LLC | Balaji Hospitality Group LLC | Limited Warranty Deed | — |
| Dec 21, 2015 | — | Smita V Patel | Jyoti LLC | Quit Claim Deed · related | — |
| May 18, 2010 | — | Balaji Hospitality Group LLC | Shinhan Bank America | Warranty Deed | $675k · The National Republic Bank Of Chicago |
| Apr 21, 2010 | $725,000 | Shinhan Bank America | St Joseph County Sheriff | Sheriffs Deed · related | — |
| Jan 16, 2008 | — | Shivani Hotels INC | Siv Ram Corp | Warranty Deed | $1.9M · Shinhan Bank America |
| May 18, 2006 | — | Vijay Patel | Edward C Ellsasser JR | Warranty Deed | $324k · Edward C Ellsasser JR Trust |
| Apr 12, 2005 | — | Siv Ram Corp | Smita Corp | Warranty Deed | $990k · Blx Capital LLC |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $720,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $497,000
Market price range: $498k - $1.96M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mishawaka
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.136
- Latitude
- 41.6635
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
