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521 E Marion St 4,727 SF Industrial Building Mishawaka, IN 46545 $399,000 ($84.41/SF)
Investment Highlights
- Affordable, Investment Grade Asset with Owner/Operator Suite. Open Bay w/OH Door & Storage. Currently a private club/gameroom; but easily repurposed
- Excellent, Central Location w/ access to arterial roads & all of Michiana. Close proximity to Mishawaka CBD, Grape Rd corridor & US HWY 933
- Unique DRYVit-EFIS Exterior Finishes on much of the facility; Gabled Roof w/Polymer Coating. Asphalt Parking is Striped & great condition
Executive Summary
Outstanding & Unique Investment Property - Ideal for Owner-Operator or Investor!
* Affordable, Investment Properties Like This Are Rare *
The Owners Suite consists of 2,500 +/- SF with 14' Eave Ht.? & (2) 10'x12' Overhead Doors w/Openers.? The Clear-Span design yields a large open warehouse bay or work area.? Supported by a front Entry/Reception/Office, Storage & Work Rooms & notable R/R.?
Unique Features Include: High quality earth-tone DRYVIT-EFIS Exterior Bldg Finish & Monument Signage | Front Deck & multiple on-site parking spaces | Tenant #1 - Custom Home Builders Upscale Show Room, Stellar Finishes, Built-In Casegoods w/ Hard Surface Counters, Fireplace, Custom Bath w/Shower & more - Must See | Tenant #2 - Fully Operational Shop Space, 10'x12' OH Door w/Opener, Well Lit, Office Space & Notable RR | Owner Suite is set-up as a Private Club, Game Room - Easily Re-Purposed
Two (2) Longstanding Commercial Tenants wish to stay & operate; generating an attractive $1,100.00 /Month Income Stream.? Tenancy's are Month-Month, Gross Lease structure, no written lease(s). Facility square footage is net of Portico's and perimeter storage areas. Platted Lot Land Sizes per Assessor Records
(Seller Financing to well qualified purchasers will be considered - 50% Down Payment Required)
* Affordable, Investment Properties Like This Are Rare *
The Owners Suite consists of 2,500 +/- SF with 14' Eave Ht.? & (2) 10'x12' Overhead Doors w/Openers.? The Clear-Span design yields a large open warehouse bay or work area.? Supported by a front Entry/Reception/Office, Storage & Work Rooms & notable R/R.?
Unique Features Include: High quality earth-tone DRYVIT-EFIS Exterior Bldg Finish & Monument Signage | Front Deck & multiple on-site parking spaces | Tenant #1 - Custom Home Builders Upscale Show Room, Stellar Finishes, Built-In Casegoods w/ Hard Surface Counters, Fireplace, Custom Bath w/Shower & more - Must See | Tenant #2 - Fully Operational Shop Space, 10'x12' OH Door w/Opener, Well Lit, Office Space & Notable RR | Owner Suite is set-up as a Private Club, Game Room - Easily Re-Purposed
Two (2) Longstanding Commercial Tenants wish to stay & operate; generating an attractive $1,100.00 /Month Income Stream.? Tenancy's are Month-Month, Gross Lease structure, no written lease(s). Facility square footage is net of Portico's and perimeter storage areas. Platted Lot Land Sizes per Assessor Records
(Seller Financing to well qualified purchasers will be considered - 50% Down Payment Required)
Taxes & Operating Expenses (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$3,678
|
$0.78
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,678
|
$0.78
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $3,678 |
| Annual Per SF | $0.78 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,678 |
| Annual Per SF | $0.78 |
Property Facts
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 71-09-10-308-006.000-023 | Total Assessment | $43,200 |
| Land Assessment | $16,700 | Annual Taxes | $3,678 ($0.78/SF) |
| Improvements Assessment | $26,500 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
71-09-10-308-006.000-023
Land Assessment
$16,700
Improvements Assessment
$26,500
Total Assessment
$43,200
Annual Taxes
$3,678 ($0.78/SF)
Tax Year
2025 Payable 2026
Contact
-
Robert L. Thatcher, CRRP, CLS,CDP -
Coldwell Banker Commercial Real Estate Group
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521 E Marion St