102 LincolnwayMishawaka, IN 46544

Property Details for 102 Lincolnway

Year built

1927

Construction

TYPE NOT SPECIFIED

Lot size

0.10 AC

Property size (Sq ft)

15,774 SF

Property type

Office properties

APN

71-09-16-276-009.000-023

APU

710916276009000023

Description

The Yorktown Building, a three-story, 15,774 square foot building constructed in 1874, is available for sale or lease. Currently entirely vacant, this property presents a unique opportunity for adaptive reuse and mixed-use development. The flexible C-3 zoning allows for commercial, retail, service, professional office, and residential uses. The first floor's layout is ideally suited for a restaurant or bar, while the second floor offers versatile office space. The third floor provides significant potential for conversion into modern apartments or additional office areas. An elevator services all three floors, enhancing accessibility. Located in Mishawaka's central business district, directly across from City Hall, this high-visibility property boasts frontage on Lincolnway East and North Main Street. This prime location benefits from the ongoing $27 million+ investment in downtown revitalization, including projects like The Mill at Ironworks Plaza and new residential developments. The property's advantageous position within an Opportunity Zone and TIF District offers potential access to additional economic incentives. Downtown Mishawaka is experiencing comprehensive development and reinvestment across retail, office, and residential sectors, making this a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,966,790

  6.5%

  $2,738,575

  7%

  $2,542,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,054,564

  Geo Method

  $2,054,564

• Alternative Use

  Use

  Valuation

  Residential Income

  $3,395,833

  Hospitality / Lodging

  $3,110,565

  Institutional / Educational

  $2,587,954

  Healthcare / Senior Housing

  $2,676,957

  Retail / Commercial

  $4,025,706

Location Insight

City

Mishawaka

County

St. Joseph

State

Indiana

Latitude

41.6614

Longitude

-86.1804

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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