IN > Mishawaka
Mishawaka, IN 46545,608 N Main Street
Mishawaka, IN 46545,608 N Main Street
Mishawaka, IN 46545,608 N Main Street
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$1,350,000
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0.27 Acres Lot
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608 N Main Street Mishawaka, IN 46545

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Timothy Vicsik

Timothy Vicsik

+1(574) 329-9587

UPDATED:

Key Details

Property Type Commercial

Sub Type Other/Unknown

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202429043

Year Built 1927

Annual Tax Amount $9,034

Tax Year 2023

Lot Size 0.270 Acres

Property Sub-Type Other/Unknown

Property Description

Fantastic investment or redevelopment opportunity in the vibrant and fast-growing downtown district of Mishawaka, adjacent to the newly constructed Inova Federal Credit Union. Located 1/2 a block from heavily traveled intersection of N Main St (25,000 cars daily) and Mishawaka Ave (10,000 cars daily, INDOT Traffic Counts), the building is completely rented out with Hometown Pharmacy (newly signed 3-year lease) on the retail level and 5 apartments upstairs. Seller had a completely new roof done with a 20-year warranty in March of this year. Owner has just finished a new maintenance free metal siding on the building facing the Inova Credit Union and installed new security cameras as well. The property also includes the adjacent parking lot with alley access. Note: There are 3 total parcels (see aerial). Current Net Operating Income: $138,388.26 (see attached financial sheet for breakdown). SELLER WILL CONSIDER FINANCING. The property boasts excellent location and visibility, with the Mishawaka Riverwalk just across Mishawaka Ave. Also, across the river (0.2 miles) is the newly developed Ironworks Plaza and The Mill apartments which includes the Mishawaka Public House, Sun King Brewery, and Social Cantina. The Mill Phase II is currently in the works along with the now opened Avalon Apartments. The property is also only 2 miles (6 mins) from the Main St/Grape Rd Shopping Corridor, 2.5 miles (7 mins) from IN-331/Capital Ave, and 5 miles (15 mins) to the University of Notre Dame. Zoned C-1: Commercial. Total Taxes for all 3 parcels: $7,143.00.

Location

State IN

County St. Joseph County

Area St. Joseph County

Direction Just Nort of Mishawaka Ave on N Main St, adjacent to the Inova Credit Union

Interior

Flooring Carpet, Tile

Appliance Building, Lease

Exterior

Roof Type Flat

Building

Story 2

New Construction No

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by John Piraccini • Coldwell Banker Real Estate Group • VM: 574-243-9522

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Timothy Vicsik

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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608 N Main Street

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