822 W McKinley Ave - Storefront FOR SALE
Mishawaka, IN 46545 |
$14,000,000 USD
248-702-0288
822 W McKinley Ave
Mishawaka, IN 46545
HIGHLIGHTS
- Prime Location - Situated in Mishawaka, Indiana, within the South Bend MSA, one of the area’s most active and rapidly growing retail corridors.
- Large-Scale Retail Asset - ±380,000 SF shopping center offering a diverse tenant mix of national, regional, and local operators.
- Strong Anchor Tenancy - Anchored by Kroger and Kroger Fuel Center, providing consistent daily traffic and serving as a primary retail destination
- Attractive Pricing - Offered at $36.64 per SF presenting a basis well below replacement cost.
- Value-Add Opportunity - Approximately 80% occupancy with potential upside through lease-up of remaining vacancies and development of a fully improved
- Tenant Roster - Features a dynamic mix of national brands such as Popeyes, Arby’s, Chuck E. Cheese, Subway, and Firestone
FOR SALE DETAILS
PRICE
$14,000,000 USD
PRICE/SF
$37 USD /SF
CAP RATE
9.12%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Town & Country Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
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
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248-702-0288
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248-702-0288
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