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    FOR LEASE
    Office Spaces

    3618 Grape Rd, Mishawaka, IN 46545

    6,000 SF 2.35 ac lot Built 1979
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US31-1381784
    Property summary
    AI-generated overview

    This exceptional 41,900-square-foot flex space in Mishawaka, Indiana, presents a unique investment opportunity. Located at 3618 Grape Road, this single-building property boasts a prime location within University Park, Indiana's second-largest retail trade area, serving a population exceeding 900,000 with a combined buying income of $6 billion. The property, built in 1979, features a versatile layout combining 20,400 square feet of two-level office/retail space with industrial warehouse space. Units are divisible to a minimum of 6,400 square feet, with a maximum contiguous space of 8,900 square feet. The property includes one loading dock and ample parking with 217 spaces. Benefit from high visibility with significant display area on a prominent pylon sign, and capitalize on the substantial daily traffic counts on Grape Road (19,797) and Edison Road (22,288). The property's strategic location, just 2.5 miles from the University of Notre Dame, further enhances its appeal. Nearby developments, including St. Joseph Regional Medical Center's new $350 million campus, contribute to the area's robust economic growth. The property is zoned C-2 Commercial and sits on 2.26 acres of land. The building features an 18-foot ceiling height. This is an ideal opportunity for businesses seeking a high-traffic, well-located space in a thriving market. The property's multiple tenancy allows for flexibility and diverse income streams.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1979
    Construction TYPE NOT SPECIFIED
    Total area 6,000 SF
    Lot 2.35 ac (102,192 SF)
    APN 71-09-04-203-003.000-022
    UPID US31-1381784
    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
    • Big Idea Company, LLC Advertising Agency Marketing & Advertising
    • Oriental Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store
    • 오리엔탈 마켓 Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $440k
    CAP Approach CAP
    $705k
    Comparable Approach Comparable
    $931k
    Blend (final) Blend
    $695k
    Owner & transaction history
    Sunrise Group Investment LLC · 2 yrs held
    Sunrise Group Investment LLC
    since 2023
    2 recorded transactions
    2023
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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