13585 Jefferson BlvdMishawaka, IN 46545

Property Details for 13585 Jefferson Blvd

Year built

1973

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

3,900 SF

Property type

Auto shops

APN

71-09-12-178-019.000-031

APU

710912178019000031

Description

This exceptional commercial property, located at 13585 Jefferson Boulevard in Mishawaka, Indiana, presents a unique investment opportunity. Priced at $399,000, this building sits on a one-acre lot and enjoys a highly visible position on a busy street, offering excellent exposure for any business. Currently configured as a well-established car mechanics shop, the property includes two post car lifts, which are included in the sale. The seller, retiring after three decades of operation, is offering a significant price reduction, making this an attractive proposition for prospective buyers. The building's convenient location near AM General further enhances its appeal, providing easy access to a significant workforce and customer base. The substantial size of the building (exact square footage not provided) offers ample space for a variety of commercial uses, potentially allowing for expansion or adaptation to suit diverse business needs. This is a rare chance to acquire a well-situated, established commercial property in a thriving area at a significantly reduced price. The property's prime location and existing infrastructure make it an ideal choice for entrepreneurs seeking a ready-to-use space or investors looking for a strong return on investment. Serious inquiries are encouraged to schedule a viewing and explore the potential of this exceptional property. The sale includes the building and the two post car lifts.

• CAP approach

  CAP return

  Valuation

  6%

  $1,009,593

  6.5%

  $931,932

  7%

  $865,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,280,097

  Geo Method

  $1,280,097

• Alternative Use

  Use

  Valuation

  Residential

  $786,119

  Hospitality

  $720,081

  Educational

  $599,099

  Medical

  $619,703

  Retail

  $931,932

Location Insight

City

Mishawaka

County

St. Joseph

State

Indiana

Latitude

41.6737

Longitude

-86.131

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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