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Grape & Day Plaza 4110-4150 Grape Rd 30,522 SF 89% Leased Retail Building Mishawaka, IN 46545 $4,310,000 ($141.21/SF) 7.25% Cap Rate
Investment Highlights
- Premier Retail Corridor
- Directly Across From the Only Whole Foods in Northern Indiana
- 29,170 SF Retail Center With Strong Tenant Mix
- Located Within One of Northern Indiana’s Densest Retail Clusters
- Proximity to Major Institutional and Regional Demand Drivers
- High Traffic Counts & Exceptional Visibility
Executive Summary
Day Road in the heart of Mishawaka’s highly developed and thriving commercial corridor. The center is anchored by a durable mix of medical, fitness, educational, and entertainment tenants—including CSL Plasma, Anytime Fitness, Ross Education Center, and Double A Birdies (Net Par)—with a ±3,500 SF vacancy offering meaningful value-add upside.
Grape & Day Plaza sits within one of Northern Indiana’s most dynamic regional retail destinations, surrounded by a comprehensive mix of national retailers, restaurant chains,
and major economic drivers. The immediate area features an 820,000 SF regional indoor mall, several big box retailers, a 700,000 SF Class A office park, and a $355 million, 656,000 SF state-of-the-art hospital opened in 2009. The property enjoys exceptional access on a hard corner at a signalized intersection, just two miles east of the University of Notre Dame, and directly across from the only Whole Foods in Northern Indiana, as well as Kohl’s, Gordmans, Shoe Carnival, Old Navy, Dick’s Sporting Goods, PetSmart, and other major retailers.
With its irreplaceable location, strong surrounding tenant synergy, and long-term stability inherent to the University Park corridor, Grape & Day Plaza represents an outstanding investment opportunity benefiting from high traffic counts, institutional-grade surrounding development, and limited competition for future retail development.
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
- 6,000 SF
- $16.25
- Triple Net
- Jun 2029
Anytime Fitness is a global fitness franchise headquartered in Woodbury, Minnesota, and was founded in 2002. The company operates under Self Esteem Brands, its parent organization, which later merged with Orangetheory Fitness to form Purpose Brands. Anytime Fitness was established to provide members round-the-clock gym access through compact, convenience-focused fitness centers. Its franchising model accelerated rapid expansion and helped position it as a major international fitness brand. Over the years, Anytime Fitness has developed a significant global footprint supported by accessible membership options and consistent gym formats. The organization maintains a privately held structure under its parent company and continues to build on its original mission of providing accessible fitness solutions. Notable milestones include its large-scale international growth and the strategic merger that created a broader wellness-focused holding company.
-
- Health Care and Social Assistance
- 8,670 SF
- $11.55
- -
- Jan 2034
CSL Plasma operates one of the world’s largest networks of human plasma collection centers, supporting the development of plasma-derived therapies for patients with rare and serious medical conditions. The company specializes in collecting plasma through advanced technology and rigorous safety standards, ensuring high-quality source material for life-saving treatments. CSL Plasma is a subsidiary of CSL Limited, a global biotechnology leader headquartered in Australia, and plays a critical role in the company’s supply chain for immunoglobulins, clotting factors, and other plasma-based products. Founded in 1916, CSL Plasma has grown to maintain hundreds of donation centers across the United States and Europe, contributing to the availability of essential therapies worldwide.
- Double A Birdies
- Retailer
- 6,000 SF
- $14.00
- -
- Jan 2036
- Ross Medical Ed Center
- Educational Services
- 5,000 SF
- $14.00
- -
- Mar 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | 6,000 SF | $16.25 | Triple Net | Jun 2029 | |
|
|
Health Care and Social Assistance | 8,670 SF | $11.55 | - | Jan 2034 | |
| Double A Birdies | Retailer | 6,000 SF | $14.00 | - | Jan 2036 | |
| Ross Medical Ed Center | Educational Services | 5,000 SF | $14.00 | - | Mar 2036 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
In addition to the robust surrounding University Park trade area, the property sits 2.3 miles from the University of Notre Dame and less than one mile from the Saint Joseph Regional Medical campus.
| Space | Size | Space Use | Position | Available |
| 4110B | 3,500 SF | Retail | In-Line | Now |
4110B
| Size |
| 3,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
4110B
| Size | 3,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
In addition to the robust surrounding University Park trade area, the property sits 2.3 miles from the University of Notre Dame and less than one mile from the Saint Joseph Regional Medical campus.
Nearby Major Retailers
Property Taxes
| Parcel Number | 71-04-33-451-001.000-005 | Improvements Assessment | $740,800 |
| Land Assessment | $263,300 | Total Assessment | $1,004,100 |
Property Taxes
Presented by
Grape & Day Plaza | 4110-4150 Grape Rd
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