Property summary
This exceptional 13-acre property in Mishawaka, Indiana, presents a unique investment opportunity. Located at 55540 N Fir Rd, this residential zoned land boasts a prime location, situated between McKinley Ave (15,800 daily vehicle count) and Day Rd (12,900 daily vehicle count, per INDOT). The property comprises three parcels and includes a 1,672 sq ft, tri-level home featuring two bedrooms, 1.5 bathrooms, and a two-stall garage. The home offers potential for expansion—a third bedroom could easily be added in the lower level—and could be updated for owner occupancy or used as a rental property. Two well-maintained metal outbuildings enhance the property's versatility. A smaller barn, approximately 1,200 sq ft, is heated, insulated, and equipped with electricity and numerous outlets. A larger pole barn, approximately 6,480 sq ft, features a 10x10 grade-level overhead door with an operator, plus two large (approximately 15x25) sliding doors ideal for heavy equipment access. The pole barn also includes older horse stalls and storage areas. Both barns offer significant storage potential or could generate rental income. Adding to the property's appeal is a fully stocked, 1.25-acre pond. Ample space remains at the rear of the property for new construction, whether a home or additional outbuildings. The property enjoys convenient proximity to major thoroughfares: 1.5 miles from Capital Ave, 2 miles from downtown Mishawaka, 2 miles to the Main St/Grape Rd commercial corridor, 3.5 miles to the Indiana Toll Road, 3 miles to Penn Harris Madison High School, 4.5 miles to the University of Notre Dame, and 5 miles to downtown South Bend. Annual property taxes total $4,127.22. The asking price is $595,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight