713 N Main St

Mishawaka, IN

Mixed-Use Investment Opportunity | Steady Historical Occupancy

Property Snapshot

  • Building: 3,446 SF
  • Units: 3 Apartment Units + Store Front Area
  • Land: 0.08 Acres
  • Year Built: 1920
  • Zoning: C-1 Commercial
  • Sprinklered: Yes
  • Utilities: Municipal
  • HVAC: Central Air
  • Annual Taxes: $4,056.22 (2016 Pay 2017)
  • List Price: $59,500

Property Details

Multi-tenant, mixed-use 3,446 SF building on .08 acres. The building features a 980 SF retail/store front, one first floor apartment unit, one first floor efficiency unit, and one second floor apartment unit. The first and second floor units are currently leased at $400 per month each. The building has a newer roof and mechanicals.

This property can be used for future redevelopment as part of an assemblage. Adjacent parcels are also available for sale.

Location

The property is located on the north side of the St. Joseph River in Mishawaka, anchored by the beautifully landscaped and vibrant river walk at Beutter Park, Kamm Island and Towne Homes at Kamm Island—elegant and spacious condos, row houses and attractive apartments. Beutter Park is a destination that brings people to the downtown area to enjoy seasonal produce markets, summer concert venues, movies in the park, art fairs and the river-walk pathway way that loops around both sides of the river and connects to several city parks along the river bank. The development is surrounded by an eclectic mix of restaurants, pubs and commercial and professional businesses, townhomes, condominiums and senior living residences all within walking distance.

The property is located one block from the new high-end, five-story 70-unit apartment building known as River Rock which features street level retail storefronts. The property is also proximally located within walking distance to two new proposed developments: RiverWalk, an eight-story, 63-unit apartment development that will be located east of Main Street along the north river bank near Central Park; and, The Mill at Ironworks Plaza, a 232-unit mixed use development next to Beutter Riverfront Park and Kamm Island.

For More Information Please Contact

Shawn Todd
Senior Broker
574.485.1520
shawntodd@cressyandeverett.com