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Property profile & analytics
FOR LEASE
Medical Office Space

303 S Main St Mishawaka, IN 46544

28,658 SF 0.35 ac lot Built 1963
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US31-2090610
Property summary
AI-generated overview

This exceptional 15,100 square foot medical office building, located at 303 S Main St in Mishawaka, Indiana, presents a unique opportunity for medical professionals or other compatible businesses. Currently offering one available suite, this well-maintained building boasts ample off-street parking, a significant advantage in a vibrant downtown setting. Its prime location in downtown Mishawaka places it in close proximity to new developments and the scenic river walk, offering excellent visibility and accessibility. The building is ideally suited for a variety of uses, including but not limited to medical practices, legal offices, and chiropractic services. The space is clean and well-maintained, providing a professional and welcoming environment for clients and staff. For tenants committing to a minimum two-year lease, an attractive incentive of 90 days of rent-free occupancy is available. Other office spaces within the building are also available for lease. This is a fantastic opportunity to establish or expand your business in a thriving and desirable location. The property is situated in St. Joseph County, Indiana, with a zip code of 46544. Contact us today to learn more about this exceptional property and schedule a viewing.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1963
Construction TYPE NOT SPECIFIED
Total area 28,658 SF
Lot 0.35 ac (15,120 SF)
APN 71-09-16-287-002.000-023
UPID US31-2090610
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
  • Dr. Winston C. Gerig, MD Physician
  • Dr. Dean K. Park, MD Physician
  • Koyani Anandkumar MD Physician
  • RUSH Physical Therapy - Mishawaka Medical Clinic
  • Dr. Norbert Schwer, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Nnn Properties LLC · 15 yrs held
Nnn Properties LLC
since 2011
2 recorded transactions
2019
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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