3602 Grape RdMishawaka, IN 46545

For Lease
$11.50/SF/YR View listing
  • Grocery and convenience stores
  • 3,176 SF

Property Details for 3602 Grape Rd

Year built
1987
Construction
WOOD
Lot size
0.51 AC
Property size (Sq ft)
3,176 SF
Property type
Grocery and convenience stores
APN
71-09-04-203-004.000-022
APU
710904203004000022

Description

This exceptional retail property, located at 3602 Grape Rd in Mishawaka, Indiana, presents a significant leasing opportunity. The Outpost Center, built in 1987, offers a total of 24,190 square feet on a 0.07-acre lot within St. Joseph County. Currently, 18,000 square feet is available for lease, presenting a blank canvas for a single tenant to establish a prominent presence. The property's single-tenant configuration provides an ideal space for businesses seeking a dedicated and expansive location. Its strategic location in Mishawaka, with easy access via Grape Road, ensures high visibility and convenient access for customers. The property's 1987 construction offers a solid foundation for a variety of retail uses, allowing for customization to meet specific business needs. This is a rare opportunity to secure a substantial retail space in a desirable location, offering significant potential for growth and success. The property's size and location make it an attractive option for businesses seeking a strong foothold in the Mishawaka market. Interested parties are encouraged to inquire for further details and leasing information. The zip code is 46545.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $821,834
    6.5%
    $758,616
    7%
    $704,429
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,042,458
    Geo Method
    $1,042,458
  • Alternative Use

    Use
    Valuation
    Residential
    $639,921
    Hospitality
    $586,164
    Educational
    $487,682
    Medical
    $504,454
    Retail
    $758,616
3602 Grape Rd, Mishawaka, Indiana

Location Insight

City
Mishawaka
County
St. Joseph
State
Indiana
Latitude
41.6931
Longitude
-86.1867
CBSA code
43780
CBSA name
SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,383
$228,000
$118,100
$346,100
-
$228,000
$118,100
$346,100

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