270 Day RdMishawaka, IN 46545

Property Details for 270 Day Rd

Year built

1992

Construction

TYPE NOT SPECIFIED

Lot size

0.00 AC

Property size (Sq ft)

71,131 SF

Property type

Medical offices

Property subtype

Medical centers

APN

71-04-33-426-006.000-005

APU

710433426006000005

Description

This exceptional 3,770-square-foot Class A medical office suite, located at 270 E Day Road, Suite 260, Mishawaka, Indiana, is available for sale or lease. Situated within the Edison Lakes Medical Center complex, this single-tenant space boasts a prime location offering excellent visibility and accessibility. Built in 1994 and extensively renovated in 2020, the suite features new carpet and paint throughout. The first floor encompasses 2,878 square feet and includes a reception/lobby, six exam rooms, an x-ray room, three private offices, ample supply/storage, a nurse station, sterilization room, four restrooms, and a conference room. Separate employee and patient entrances/exits enhance functionality. The second floor adds 892 square feet with a break area, a private office, an open work area, and laundry/storage. The property is zoned S-2 and benefits from its location in the Edison Lakes Corporate Park, providing easy access to major roadways including Douglas, Grape, and Day Roads

• CAP approach

  CAP return

  Valuation

  6%

  $12,521,233

  6.5%

  $11,558,062

  7%

  $10,732,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,264,813

  Geo Method

  $9,264,813

• Alternative Use

  Use

  Valuation

  Residential

  $14,331,996

  Hospitality

  $13,128,032

  Educational

  $10,922,368

  Medical

  $11,298,005

  Retail

  $16,990,350

Location Insight

City

Mishawaka

County

St. Joseph

State

Indiana

Latitude

41.6994

Longitude

-86.179

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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