608 Main St Mishawaka, IN 46545

This exceptional mixed-use property in Mishawaka, Indiana presents a compelling investment or redevelopment opportunity. Located at 608 N Main Street, this fully occupied building boasts a prime downtown location, adjacent to the newly constructed Inova Federal Credit Union. The property comprises a retail space currently leased to Hometown Pharmacy and five apartments above. Benefitting from high visibility, the building sits 1/2 a block from the intersection of heavily trafficked N Main Street (25,000 cars daily) and Mishawaka Avenue (10,000 cars daily, per INDOT Traffic Counts). Recent improvements include a new roof (2021), new ceilings and insulation, and a new maintenance-free metal siding facing the credit union. The sale includes an adjacent parking lot with convenient alley access, encompassing three total parcels. The property's strategic location offers proximity to the Mishawaka Riverwalk, the newly developed Ironworks Plaza and The Mill apartments (including Mishawaka Public House, Sun King Brewery, and Social Cantina), and the soon-to-open Avalon Apartments. Further enhancing its appeal, the property is conveniently located near major roadways, including the Main St/Grape Rd Shopping Corridor (2 miles), IN-331/Capital Ave (2.5 miles), and the University of Notre Dame (5 miles). The property is zoned C-1 Commercial and has a total tax assessment of $9,034.54 for 2023. The lot size is 11,761 square feet. This is a rare opportunity to acquire a high-performing asset in a rapidly growing area. The 9.28% cap rate makes this an attractive investment.