434 S Byrkit Ave - Warehouse FOR SALE


Mishawaka, IN 46544
$599,000 USD
219-200-5133
434 S Byrkit Ave, Mishawaka, IN for Sale
$599,000 USD
Warehouse - FOR SALE
1/6
null | 7.88% Cap Rate

434 S Byrkit Ave
Mishawaka, IN 46544


OVERVIEW

434 S Byrkit Ave is a 12,000 SF two-tenant industrial/warehouse building in Mishawaka, IN, offered at $599,000. The property is occupied by two long-term, month-to-month tenants, including an established auto-parts/recycling operation, providing flexibility for an investor seeking in-place income or an owner-user who can occupy space as leases roll. Current rents are below market, creating upside through future increases, while a new 2025 roof reduces near-term capital needs. Pro forma NOI of $47,193 reflects a 7.88% cap rate. Strong tenant demand for functional small/mid-bay industrial space supports durable occupancy. 434 S Byrkit may be purchased individually or together with the adjacent 432 S Byrkit Ave (4-unit small-bay warehouse) as a combined 15,000 SF portfolio. Contact the listing team for the Offering Memorandum and additional financial detail.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

7.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

20

LAND DETAILS

LAND ACRES

82

LAND SF

3,571,920

ZONING

Industrial

APN/PARCEL ID

71-09-14-301-014.000-023

ASK ABOUT THIS PROPERTY

Jeremy SlowinskiEllsbury Commercial GroupMore Info
219-200-5133

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Jeremy SlowinskiEllsbury Commercial GroupMore Info
219-200-5133

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