Dodge House | 318 E. 3rd Street

Mishawaka, IN

Historical Landmark | 100% Occupied With Great History

Property Snapshot

  • Building: 6,000 SF
  • Occupancy: 100%
  • Land: .31 Acres
  • Year Built: 1931
  • Zoning: C-3
  • Parking: 15 on-site spaces
  • Utilities: Municipal
  • CAP Rate: 9.75%
  • NOI: $32,000
  • List Price: $329,000
  • Notes: Rental Income: $47,100

Property Details

The original Dodge House was built in 1931 by the Dodge brothers originally designed for an assisted living facility, the property was converted into 5 apartment units. The interior is the original design and character and is in phenomenal condition inclusive of a fireplace and 8’ decorative skylight in open concept Family Room/Kitchen. This Italianate style property is a registered historical landmark and a distinct contributor to the historical landscape of the CBD of Mishawaka. Current taxes shown by assessor to be updated to 2% multi-family rate for 2018 taxes payable 2019.

  • Property is a registered historical landmark
  • Property preserved and well-maintained
  • Historical property located in Mishawaka’s Central Business District
  • ADA Accessible
  • On-Site Parking

The property is owned in part by a licensed real estate agent in the state of Indiana.

Location

The property is located at the northwest corner of Union Street and E. 3rd Street. Located Mishawaka’s Central Business District, two blocks east of Main Street. The surrounding neighborhood is a good mix of residential and small professional businesses, local restuarants, regional banks, as well as a few national retailers. The Mishawaka Public Library and the Mishawaka Police Department are located just a few blocks away. The Riverwalk is also located nearby and is a popular recreational spot for both families and individuals.

For More Information Please Contact

Chris Fielding
Chief Operating Officer
574.485.1503
cfielding@cressy.com