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- LoopNet Team
610 E Mishawaka Ave
Mishawaka, IN 46545
Property For Lease
HIGHLIGHTS
- Four-Unit Mixed-Use Investment Opportunity
PROPERTY FACTS
| Property Type | Retail | Year Built | 1965 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 1.22/1,000 SF |
| Gross Leasable Area | 3,275 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,275 SF |
| Year Built | 1965 |
| Parking Ratio | 1.22/1,000 SF |
ABOUT THE PROPERTY
New to the market is this four-unit mixed-use investment opportunity. 6TenEast is comprised of two main floor 1,200 square foot retail spaces as well as two upper level apartment spaces. An asking price of $325,000 represents approximately 9.6% cap on existing cash flow. Fully occupied, this cap rate could exceed 13%. The property is comprised of 3,275 square feet on two levels and is zoned C1 commercial. The building has an unfinished basement and on site parking for the apartment tenants. This property is also professionally managed by a third party. Located on the east side of Mishawaka Ave. just north of Central Park and the growing downtown Mishawaka area, this property is ideally situated within a mix of residential rooftops as well as many commercial uses and is minutes from Bethel University and The University of Notre Dame.
