1510 Clover RdMishawaka, IN 46545

Property Details for 1510 Clover Rd

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

2.00 AC

Property size (Sq ft)

1,080 SF

Property type

Office properties

APN

71-09-11-176-004.000-022

APU

710911176004000022

Description

This Mishawaka, Indiana industrial property offers a unique investment opportunity. Located at 1510 Clover Road, 46545, this two-acre site boasts three existing buildings totaling 4,200 square feet, ideal for manufacturing or storage. The property is zoned I-2, allowing for a variety of uses. Building 1 offers 1,800 square feet with 14-foot ceilings and one overhead door. Building 2 comprises 1,320 square feet, features 12-foot ceilings, two overhead doors, and a restroom. Building 3 is slated for demolition. The property benefits from its convenient location on the north side of Mishawaka, just one mile from the Capital Street Expansion and US 20 (McKinley Highway), providing excellent access to major transportation routes. The asking price is $350,000, translating to $83.33 per square foot. Outside storage is permitted, adding further value to this versatile property. High land value makes this a compelling investment in a thriving industrial area. The property's location near the Capital Street expansion presents significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $190,164

  6.5%

  $175,536

  7%

  $162,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,670

  Geo Method

  $140,670

• Alternative Use

  Use

  Valuation

  Residential

  $217,665

  Hospitality

  $199,380

  Educational

  $165,882

  Medical

  $171,586

  Retail

  $258,038

Location Insight

City

Mishawaka

County

St. Joseph

State

Indiana

Latitude

41.6751

Longitude

-86.1532

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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