1217 E McKinley Ave - Retail FOR SALE


Mishawaka, IN 46545
$300,000 USD
954-245-3417
1217 E McKinley Ave, Mishawaka, IN for Sale
$300,000 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

1217 E McKinley Ave
Mishawaka, IN 46545


HIGHLIGHTS

  • STARTING BID $300,000 | 29,012 SF | 21K VPD Traffic Count | Billboard Income | AUCTION MAY 5-7, 2025
  • Freestanding 29,012 SF Commercial Building With Billboard Income in NW Indiana
  • Prime Frontage with 21,824 VPD Traffic Counts on E McKinley Ave and Adjacent to Dollar General
  • Prime Retail Corridor including Lowe’s, Best Buy, Sam’s, Walmart, Target, HomeGoods, Home Depot, Aldi, Costco, and more
  • Income from On-Site Billboard Leased Through 2031 | Building Features Open Layout with Multiple Loading Docks
  • Attractive Demographics with Population of ±154,546 People with an Annual Household Income of $79,980 (5-Mile)

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing, commercial building located at 1217 E McKinley Avenue in Mishawaka, Indiana (the “Property”). Formerly occupied by American Freight, the Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is improved with a one-story, free-standing building totaling ±29,012 square feet, and offers 25 parking spaces. The Property has tremendous visibility, ample parking, billboard income, and loading docks. The Property is strategically positioned on ±1.47 acres and can be accessed via multiple ingress/egress curb cuts. Zoned I-1, Light Industrial, this zoning offers favorable flexible zoning allowing for a variety of uses via adaptive reuse or repositioning including self-service mini-storage. There is an on-site billboard leased through June 21, 2031, at $2,350.00 annually. Mishawaka is a growing retail and industrial hub in northwest Indiana, located in St. Joseph County. The city is part of the South Bend–Mishawaka MSA, benefiting from its proximity to South Bend (5 miles west) and the University of Notre Dame, which drives economic activity and demand for retail, hospitality, and housing. The Property serves a trade area that benefits from strong demographics with a population of 154,546 residents and an average household income of $79,980 within a 5-mile radius.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$10 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Former American Freight | 29,012 SF

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

I-1

APN/PARCEL ID

71-09-10-201-008.000-023

ASK ABOUT THIS PROPERTY

Howard BregmanMarcus & MillichapMore Info
954-245-3417

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Howard BregmanMarcus & MillichapMore Info
954-245-3417

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.