1.22 Acre Outlot Lincolnway E & Capital Ave. - Commercial LAND FOR SALE


Mishawaka, IN 46544 53,143 SF
$1,150,000 USD
574-360-6881
1.22 Acre Outlot Lincolnway E & Capital Ave., Mishawaka, IN for Sale
$1,150,000 USD
Commercial LAND - FOR SALE
1/9
53,143 SF

1.22 Acre Outlot Lincolnway E & Capital Ave.
Mishawaka, IN 46544


HIGHLIGHTS

  • 1.22 Acre Outlot
  • High end condos are in plan to be built along the river and creek surrounding the outlot (see conceptual drawings)
  • Potential for a full-service restaurant with a River Liquor License from the City of Mishawaka
  • Great visibility that would be beneficial for a strip center developer as well
  • Potential for a fast-casual drive-thru dining establishment
  • Great opportunity also for a convenience store with gas

OVERVIEW

Rare development opportunity on the corner of Lincolnway E (approx. 21,500 cars daily) and Capital Avenue (approx. 26,700 cars daily, INDOT Traffic Counts) in the Twin Branch area of Mishawaka. This is the ideal property and location for a convenience store with gas, a fast-casual restaurant with a drive-thru, a standard restaurant with the ability to obtain a river liquor license from the City of Mishawaka, or a small strip center with great visibility from both Lincolnway E and Capital Ave. See the conceptual layout for a possibility of a mixed-use development. High end condos are in plan to be built along the river and creek surrounding the outlot (see conceptual drawings). Great proximity, only 1 mile from Twin Branch Park, 1.5 miles from Mishawaka High School, 2.5 miles from Schmucker Middle School and Penn High School, 2.5 miles from Downtown Mishawaka and the Mishawaka Riverwalk, 5 miles from the Grape Rd./Main St. shopping corridor in Mishawaka, 5 miles from the IN-Toll Road Interchange at Capital Ave, 5 miles from Granger, IN, 7 miles from the city of Elkhart, and 7 miles from the University of Notre Dame. *Note: The former hotel building on the property has been demolished.* Current taxes: $9,894.98. Tax Year: 2024 payable 2025.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/ACRE

$942,626/AC

PRICE/SF

$22 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Lincolnway E & Capital Ave. Outlot

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Fast Food, Restaurant

LAND ACRES

1.22 AC

LAND SF

53,143 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R-3: Multi-Family

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John PiracciniColdwell Banker CommercialMore Info
574-360-6881

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John PiracciniColdwell Banker CommercialMore Info
574-360-6881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.