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2101 Lincoln Way E 12,195 SF Flex Building Mishawaka, IN 46544 $815,000 ($66.83/SF) 7.48% Cap Rate
Investment Highlights
- Nicely finished office space with private offices, reception/waiting area, work room, and break room
- In-place NNN tenant provides income with tenant reimbursement structure
- Strong frontage and access on Lincolnway East
Executive Summary
Well-maintained flex/office/warehouse property for sale on highly visible Lincolnway East in Mishawaka. Zoned C-1 Commercial, the property is currently operating as a daycare and leased NNN at $74,267.55/Yr Property includes 4,500 SF of finished first-floor, 2,375 SF mezzanine 2nd floor, and 5,320 SF warehouse space with 3 overhead doors, heavy power, high ceilings, and floor drain. Excellent access, visibility, and long-term flexibility for investors or future owner-users.
Property Highlights
Commercial Zoning C-1 Commercial zoning supports a variety of commercial uses, subject to municipal approval
Office Layout Nicely finished office space with private offices, reception/waiting area, work room, and break room
Mezzanine 2,375 SF mezzanine office accessed by a spiral lobby staircase
Warehouse 5,320 SF warehouse section with high ceilings
Loading/Access 3 overhead doors
Utility Features Heavy power and floor drain
Visibility Strong frontage and access on Lincolnway East
Investment Appeal In-place NNN tenant provides income with tenant reimbursement structure
Property Highlights
Commercial Zoning C-1 Commercial zoning supports a variety of commercial uses, subject to municipal approval
Office Layout Nicely finished office space with private offices, reception/waiting area, work room, and break room
Mezzanine 2,375 SF mezzanine office accessed by a spiral lobby staircase
Warehouse 5,320 SF warehouse section with high ceilings
Loading/Access 3 overhead doors
Utility Features Heavy power and floor drain
Visibility Strong frontage and access on Lincolnway East
Investment Appeal In-place NNN tenant provides income with tenant reimbursement structure
Property Facts
Amenities
- Front Loading
- Mezzanine
- Signage
- Storage Space
- Smoke Detector
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 71-09-14-209-001.000-023 | Improvements Assessment | $158,400 |
| Land Assessment | $32,200 | Total Assessment | $190,600 |
Property Taxes
Parcel Number
71-09-14-209-001.000-023
Land Assessment
$32,200
Improvements Assessment
$158,400
Total Assessment
$190,600
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Smart Properties USA
2101 Lincoln Way E
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