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    Property profile & analytics

    5640 Main St Mishawaka, IN 46545-9032

    • Hotels
    • 40,140 SF
    • 1.93 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 30, 2023
    Location Intelligence
    Property ID
    US31-2261605
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Comfort Inn & Suites Mishawaka-South Bend / Hotel

    Property Details for 5640 Main St

    Year built
    1999
    Construction
    WOOD
    Lot size
    1.93 lot acres
    Property size
    40,140 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    71-04-28-477-002.000-005
    APU
    710428477002000005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1784
    Latitude
    41.7122
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,971
    $454,000
    $1,110,100
    $1,564,100
    -
    $454,000
    $1,110,100
    $1,564,100

    Comparable in this City

    • Value Estimation by Request
      58,434 SF

      3800 Main St

      HOTEL/MOTEL • 58,434 SF
      3800 Main St, Mishawaka, IN 46545-3110
      View Details
    • Value Estimation by Request
      57,719 SF

      5225 Edison Lks Pkwypkw-spri

      HOTEL/MOTEL • 57,719 SF
      5225 Edison Lks Pkwypkw-spri, Mishawaka, IN 46545-1435
      View Details
    • Value Estimation
      $2,430,000
      41,614 SF

      420 University Dr

      HOTEL/MOTEL • 41,614 SF
      420 University Dr, Mishawaka, IN 46545-1110
      View Details
    • Value Estimation by Request
      82,517 SF

      215 Day Rd

      HOTEL/MOTEL • 82,517 SF
      215 Day Rd, Mishawaka, IN 46545
      View Details
    • Value Estimation by Request
      29,068 SF

      535 University Dr

      HOTEL/MOTEL • 29,068 SF
      535 University Dr, Mishawaka, IN 46545-1106
      View Details
    • Value Estimation by Request
      72,162 SF

      231 Park Pl

      HOTEL/MOTEL • 72,162 SF
      231 Park Pl, Mishawaka, IN 46545-3554
      View Details

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      Edison Lakes Parkway Commercial Land

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    Similar Nearby for Lease

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      4,600 SF retail space with frontage and visibility.
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      24,000 SF

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      24,000 SF end-cap available in newly remodeled McKinley Commons.
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      Industrial Building with Overhead Doors

      Multi-tenant industrial building with grade-level doors and well docks.
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      Upscale Office Village in Mishawaka

      Class A office space in park-like setting with private entries.
      515 Park Place Cir, Mishawaka, IN 46545
      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      2.0k
    • Avg Time on site
      262 min
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    5640 Main St
    Mishawaka, IN 46545-9032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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