822 W McKinley Ave - Storefront FOR SALE


Mishawaka, IN 46545
$14,000,000 USD
574-383-8896
822 W McKinley Ave, Mishawaka, IN for Sale
$14,000,000 USD
Storefront - FOR SALE
1/16
null | 9.59% Cap Rate

822 W McKinley Ave
Mishawaka, IN 46545


HIGHLIGHTS

  • Recent capital improvements include nearly 80,000 SF of new roofs and mechanical upgrades throughout the center.
  • The property features several different outlots and inlots primed for future retail development as a value-add for new ownership.
  • Rent Roll shows huge value-add opportunities with many Leases below market rent and most not covering operating expenses.

OVERVIEW

Centrally located in the South Bend/Mishawaka market, the historic Town & Country Shopping Center has been a staple of the Michiana retail scene for over six decades and is primed for a resurgence under new ownership. Tenant mix includes a variety of national brands, including Kroger, Harbor Freight Tools, Rent-A-Center, Dollar Tree, Chuck E Cheese, Firestone, Popeyes, Subway, Arby’s, CitiTrends, H&R Block and Rainbow Apparel. The 382,139 SF power center is located directly across McKinely Avenue from the expanding Bethel University and less than five miles from the University of Notre Dame.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

9.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mckinley Town & Country Shopping

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

1829

LAND DETAILS

LAND ACRES

30.53 AC

LAND SF

1,330,096 SF

ZONING

C

APN/PARCEL ID

71-09-04-351-001.000-023

ASK ABOUT THIS PROPERTY

Andy KnapickPinnacle PropertiesMore Info
574-383-8896

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Andy KnapickPinnacle PropertiesMore Info
574-383-8896

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