Property profile

3223 Bremen Hwy Mishawaka, IN 46544

OFF-MARKET
Land
Property ID
US31-2084392
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Property summary

AI-generated overview

This exceptional 14.83-acre commercial Planned Unit Development (PUD) in Mishawaka, Indiana, presents a remarkable investment opportunity. Located at 3223-3107 Bremen Highway, this property boasts a prime location with over 18,000 vehicles passing daily. The site encompasses five addresses: 3223, 3205, 3231, 3119, and 3107 Bremen Highway, offering significant development potential. Zoned for a diverse range of uses, including medical, restaurants, retail, financial institutions, and apartments, this property allows for a mixed-use development. Preliminary plans envision a town square concept, incorporating various businesses and potentially residential components. The property is conveniently situated approximately half a mile north of the US 20 bypass and directly across from a Meijer supermarket, surrounded by thriving businesses such as McDonald's, Subway, Tractor Supply, BP, Taco Bell, Dollar Tree, and a credit union, along with nearby large medical buildings. City utilities, including water, are already connected. The city has indicated a willingness to consider selling the approximately 10 acres in the front for standard commercial use and the approximately 5 acres along the rear tree line separately for multi-unit housing and hospitality uses. This property offers a unique blend of location, zoning flexibility, and infrastructure, making it an ideal platform for a significant commercial development project. The asking price is $3,200,000.

Property profile

Verified
Property type Land
UPID US31-2084392

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3223 Bremen Hwy Mishawaka, IN 46544
Mishawaka metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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