For Sale
1 / 9
Property summary
This exceptional commercial property, located at 608 N Main Street in Mishawaka, Indiana, presents a fantastic investment or redevelopment opportunity. Situated in the thriving downtown area, this property benefits from its proximity to the newly constructed Inova Federal Credit Union and enjoys exceptional visibility due to its location just half a block from the heavily trafficked intersection of N Main Street (25,000 cars daily) and Mishawaka Avenue (10,000 cars daily, per INDOT Traffic Counts). The building is currently fully occupied, featuring Hometown Pharmacy on the ground floor and five apartments on the upper levels. Recent improvements include a new roof (2021), new ceilings and insulation, and a new maintenance-free metal siding facing the Inova Credit Union. The sale includes an adjacent parking lot with convenient alley access. The property comprises three parcels totaling 0.27 acres (see aerial). Its prime location offers excellent visibility and proximity to the Mishawaka Riverwalk, across Mishawaka Avenue. Furthermore, it's a short distance (0.2 miles) from the newly developed Ironworks Plaza and The Mill apartments, which house the Mishawaka Public House, Sun King Brewery, and Social Cantina. Future development in the area includes The Mill Phase II and the soon-to-open Avalon Apartments. Convenient access to major roadways is also a key advantage, with the Main Street/Grape Road Shopping Corridor (2 miles, 6 minutes), IN-331/Capital Avenue (2.5 miles, 7 minutes), and the University of Notre Dame (5 miles, 15 minutes) all within easy reach. The property is zoned C-1 (Commercial) and has a total tax assessment of $9,034.54 for 2023 across all three parcels.
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
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property 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.