700 LincolnwayMishawaka, IN 46544

Property Details for 700 Lincolnway

Year built

1980

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

10,552 SF

Property type

Turn key restaurants

APN

71-09-16-176-002.000-023

APU

710916176002000023

Description

This exceptional restaurant property, located at 700 Lincolnway West in Mishawaka, Indiana, presents a unique investment opportunity. The 8,670-square-foot building sits on a 0.41-acre lot and boasts a rich history as the flagship location for a beloved local Mexican restaurant since 1978. The property benefits from a net lease agreement extending to 2033, ensuring consistent income. Situated in the heart of downtown Mishawaka's revitalized area, this location enjoys high visibility on Lincolnway West, with an average daily traffic count of 10,690 vehicles. The property is part of the 100 Center Plaza, offering shared parking convenience. Recent renovations (2008) included a new roof and skylights, tuckpointing, window glazing, and exterior painting. The building is zoned Commercial and offers a prime location within walking distance of shopping, cafes, restaurants, the Riverwalk trail, and various entertainment venues. Surrounded by residential areas and new multi-family developments, this property embodies the "walk, live, and play" lifestyle. The asking price is $1,595,000, translating to $183.97 per square foot. Built in 1993, this property combines historical charm with modern updates, making it an attractive investment for discerning buyers.

Location Insight

City

Mishawaka

County

St. Joseph

State

Indiana

Latitude

41.6624

Longitude

-86.1904

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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