521 E Marion St - Service FOR SALE


Mishawaka, IN 46545
$399,000 USD
574-596-1576
521 E Marion St, Mishawaka, IN for Sale
$399,000 USD
Service - FOR SALE
1/19
null | Request Cap Rate

521 E Marion St
Mishawaka, IN 46545


HIGHLIGHTS

  • Affordable, Investment Grade Asset with Owner/Operator Suite. Open Bay w/OH Door & Storage. Currently a private club/gameroom; but easily repurposed
  • Unique DRYVIT-EFIS Exterior Finishes on much of the facility; Gabled Roof w/Polymer Coating. Asphalt Parking is Striped & great condition
  • Excellent, Central Location w/ access to arterial roads & all of Michiana. Close proximity to Mishawaka CBD, Grape Rd corridor & US HWY 933

OVERVIEW

Outstanding & Unique Investment Property - Ideal for Owner-Operator or Investor! * Affordable, Investment Properties Like This Are Rare * The Owners Suite consists of 2,500 +/- SF with 14' Eave Ht. & (2) 10'x12' Overhead Doors w/Openers. The Clear-Span design yields a large open warehouse bay or work area. Supported by a front Entry/Reception/Office, Storage & Work Rooms & notable R/R. Unique Features Include: High quality earth-tone DRYVIT-EFIS Exterior Bldg Finish & Monument Signage | Front Deck & multiple on-site parking spaces | Tenant #1 - Custom Home Builders Upscale Show Room, Stellar Finishes, Built-In Casegoods w/ Hard Surface Counters, Fireplace, Custom Bath w/Shower & more - Must See | Tenant #2 - Fully Operational Shop Space, 10'x12' OH Door w/Opener, Well Lit, Office Space & Notable RR | Owner Suite is set-up as a Private Club, Game Room - Easily Re-Purposed Two (2) Longstanding Commercial Tenants wish to stay & operate; generating an attractive $1,100.00 /Month Income Stream. Tenancy's are Month-Month, Gross Lease structure, no written lease(s). Facility square footage is net of Portico's and perimeter storage areas. Platted Lot Land Sizes per Assessor Records (Seller Financing to well qualified purchasers will be considered - 50% Down Payment Required)

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

undefined, Auto Repair, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25

LAND SF

10,940

ZONING

C-7 Auto-Orientated, Rest

APN/PARCEL ID

71-09-10-308-006.000-023

ASK ABOUT THIS PROPERTY

Robert L. Thatcher, CRRP, CLS,CDPColdwell Banker Commercial Real Estate GroupMore Info
574-596-1576

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

Robert L. Thatcher, CRRP, CLS,CDPColdwell Banker Commercial Real Estate GroupMore Info
574-596-1576

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