1201 Lincolnway W - Medical FOR SALE


Mishawaka, IN 46544
$269,000 USD
574-360-6881
1201 Lincolnway W, Mishawaka, IN for Sale
$269,000 USD
Medical - FOR SALE
1/21
null | Request Cap Rate

NEW


1201 Lincolnway W
Mishawaka, IN 46544


HIGHLIGHTS

  • Great office/retail opportunity in Downtown Mishawaka
  • Well-kept with excellent visibility
  • Upstairs apartment in good shape for additional income
  • Patio with handicap accessibility
  • Plenty of parking with parking lot and off street parking
  • Fantastic Location

OVERVIEW

Great opportunity for your medical, office, or retail business or as an investment in fast growing and vibrant Downtown Mishawaka. Ready to be updated to your needs, this well-kept building boasts great visibility on heavily traveled Lincolnway W (14,000 cars daily, INDOT Traffic Counts). The first floor of the building is currently built out as a former orthodontist office, consisting of a reception area, general open exam area that could be converted to offices, cubicles, conference/work space area, or a general retail area. The first floor also has an office, a smaller exam area that could be enclosed into another office, restroom, and a small kitchenette area. The upstairs consists of a workshop/bench area, a large office, and a full bathroom with a shower. There is also an upstairs 1-bedroom apartment in good shape with a separate entrance that can be rented out for additional income. Apartment has separate electric. The building is in great shape, with replacement windows throughout and the water heater, furnace, and A/C are less than a year old. There is a full unfinished basement that is clean and perfect for storage. The building also has a newly painted wrap- around patio with handicap access, and plenty of parking between the parking lot behind the building and off street parking. Great location in Downtown Mishawaka, less than 1/2 mile to The Mill, Kamm Island, and the beautiful Mishawaka Riverwalk, 3/4 of a mile from Main St, 3 miles from the Grape Rd/Main St shopping corridor (one of the largest Shopping Corridors in the State), 3 miles from Downtown South Bend, and 4 miles from the University of Notre Dame. Zoned R-3: Multi-Family. Taxes: 3,902.58. Tax Year: 2024, pay 2025.

FOR SALE DETAILS

PRICE

$269,000 USD

PRICE/SF

$52 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

1201 Lincolnway W

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-3: Multi-Family

APN/PARCEL ID

71-09-16-156-002.000-023

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.