3521 Grape Rd, Mishawaka, IN 46545-2712
This exceptional 5,456-square-foot free-standing building in Mishawaka, Indiana, presents a unique investment opportunity. Situated on a 1.78-acre lot, the property boasts a high-profile location near the corner of Grape and Edison Roads, within a bustling retail corridor experiencing approximately 16,500 vehicles daily. The building, zoned C4 - Auto-Oriented Commercial, features a large front parking lot and a gated rear lot, ensuring ample space for customers and employees. The interior is divided into two distinct sections. The front half comprises a spacious sales/office area with three private offices, an open area with four built-out cubicles, additional space for more cubicles, a main entry, reception area, and a side door. A phone and data room and one restroom complete this section. The rear half includes five 10'x10' overhead service bays, a service reception area with a small office and side entry, a restroom, utility closet, and a small mezzanine storage area. Two separate HVAC units serve the front and rear sections, supplemented by radiant heat in the service area. The building features a 12'+ clear height, a mix of LED and halogen lighting, 240 amp power with seven 220 amp outlets in the service area, multiple 900 lb lifts, and an oil/water separator. The original roof shows no known leaks. This property benefits from excellent visibility, easy access, and pylon signage potential. Its strategic location near University Park Mall, less than a mile from McKinley Ave (US 20), three miles from SR 331 and SR 23, and five miles from the I-80/90 Toll Road exit, makes it an ideal location for a variety of businesses. The APN is 71-09-04-126-024.000-022, located in St. Joseph County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.