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620 Edison Rd Mishawaka, IN 46545-2784

OFF-MARKET Strip malls Google Maps
53,340 SF 6.8 ac lot Built 1991
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.13M
Range $1.01M – $1.24M (±10%)
Property ID US31-2036109

Property summary

AI-generated overview

St. Andrews Plaza, located at 620 W Edison Rd in Mishawaka, Indiana, presents a unique opportunity for retail businesses. This single-story, 52,154 square foot building sits on a 6.62-acre lot and was constructed in 1991. Currently, one retail space of 1,955 square feet is available for lease within this multi-tenant retail center. The property boasts exceptional visibility and high traffic counts due to its strategic location on Edison Road. St. Andrews Plaza enjoys a strong tenant mix, including established businesses such as Bonefish Grill, Toyo Grill, Cold Stone Creamery, and Indiana PT, creating a vibrant and successful retail environment. The property is situated in St. Joseph County and offers easy access to major transportation routes, ensuring convenient access for both customers and employees. This flex space property is ideal for a variety of retail uses and presents a compelling investment opportunity in a thriving commercial area. The property's single-building design and ample parking provide a convenient and accessible shopping experience. This is a chance to establish a presence in a well-established and successful retail center with a proven track record. The available space offers significant potential for growth and profitability within a bustling commercial environment.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Construction TYPE NOT SPECIFIED
Total area 53,340 SF
Lot 6.8 ac (296,034 SF)
APN 71-04-33-376-004.000-005
UPID US31-2036109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Physician Medical Clinic
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.13M

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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