303 Main StMishawaka, IN 46544

Property Details for 303 Main St

Year built

1963

Construction

TYPE NOT SPECIFIED

Lot size

0.35 AC

Property size (Sq ft)

28,658 SF

Property type

Medical offices

Property subtype

Medical centers

APN

71-09-16-287-002.000-023

APU

710916287002000023

Description

This exceptional 15,100 square foot medical office building, located at 303 S Main St in Mishawaka, Indiana, presents a unique opportunity for medical professionals or other compatible businesses. Currently offering one available suite, this well-maintained building boasts ample off-street parking, a significant advantage in a vibrant downtown setting. Its prime location in downtown Mishawaka places it in close proximity to new developments and the scenic river walk, offering excellent visibility and accessibility. The building is ideally suited for a variety of uses, including but not limited to medical practices, legal offices, and chiropractic services. The space is clean and well-maintained, providing a professional and welcoming environment for clients and staff. For tenants committing to a minimum two-year lease, an attractive incentive of 90 days of rent-free occupancy is available. Other office spaces within the building are also available for lease. This is a fantastic opportunity to establish or expand your business in a thriving and desirable location. The property is situated in St. Joseph County, Indiana, with a zip code of 46544. Contact us today to learn more about this exceptional property and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $5,390,026

  6.5%

  $4,975,408

  7%

  $4,620,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,732,704

  Geo Method

  $3,732,704

• Alternative Use

  Use

  Valuation

  Residential

  $6,169,506

  Hospitality

  $5,651,234

  Educational

  $4,701,760

  Medical

  $4,863,462

  Retail

  $7,313,850

Location Insight

City

Mishawaka

County

St. Joseph

State

Indiana

Latitude

41.6588

Longitude

-86.181

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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