1 And Capital Ave, Mishawaka, IN 46544
1.22 Acres of Commercial Land Offered at $1,050,000 USD in Mishawaka, IN 46544
For Sale
Active
4 pictures
Asking Price $1,050,000
- Property Type
-
Land
- Square Feet
- 53,143 SF
Listing Contacts
John Piraccini
- Property Info
Property Overview
Excellent development opportunity on the corner of Lincolnway E (approx. 21,500 cars daily) and Capital Avenue (approx. 26,700 cars daily, INDOT Traffic Counts) in the Twin Branch area of Mishawaka. An approximately 1.22 acre outlot, this property sits perfectly for a fast-casual restaurant with a drive-thru, a standard restaurant with the ability to obtain a river liquor license from the City of Mishawaka, or a small strip center with great visibility from both Lincolnway E and Capital Ave. The entire property is also for sale at $2,150,000. See the conceptual layout for a possibility of a mixed-use development. Great proximity, only 1 mile from Twin Branch Park, 1.5 miles from Mishawaka High School, 2.5 miles from Schmucker Middle School and Penn High School, 2.5 miles from Downtown Mishawaka and the Mishawaka Riverwalk, 5 miles from the Grape Rd./Main St. shopping corridor in Mishawaka, 5 miles from the IN-Toll Road Interchange at Capital Ave, 5 miles from Granger, IN, 7 miles from the city of Elkhart, and 7 miles from the University of Notre Dame. *Note: The current hotel building on the property is to be demolished.* Current taxes: 22,015.92. Tax Year: 2023.
Property Details
- Property Subtype
- Commercial
Highlights
- 1.22 Acre Outlot
- Perfect for a fast-casual drive-thru dining establishment
- Potential for a full-service restaurant with a River Liquor License from the City of Mishawaka
- Great visibility that would be beneficial for a strip center developer as well
- Great Proximity
All available spaces
- Space
- Lot 1
- Size
- 53,143 SF
- Price
- $1,050,000
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