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822 W McKinley Ave
Mishawaka, IN 46545
Town & Country Shopping Center · Retail Property For Sale
Investment Highlights
- Prime Location - Situated in Mishawaka, Indiana, within the South Bend MSA, one of the area’s most active and rapidly growing retail corridors.
- Strong Anchor Tenancy - Anchored by Kroger and Kroger Fuel Center, providing consistent daily traffic and serving as a primary retail destination
- Value-Add Opportunity - Approximately 80% occupancy with potential upside through lease-up of remaining vacancies and development of a fully improved
- Large-Scale Retail Asset - ±380,000 SF shopping center offering a diverse tenant mix of national, regional, and local operators.
- Attractive Pricing - Offered at $36.64 per SF presenting a basis well below replacement cost.
- Tenant Roster - Features a dynamic mix of national brands such as Popeyes, Arby’s, Chuck E. Cheese, Subway, and Firestone
Executive Summary
Prime Location - Situated in Mishawaka, Indiana, within the South Bend MSA, one of the area’s most active and rapidly growing retail corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
382,139 SF
Building Class
B
Year Built/Renovated
1960/1987
Price
$14,000,000
Price Per SF
$36.64
Cap Rate
9.12%
NOI
$1,277,334
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
30.53 AC
Zoning
C - Commercial
Parking
1,829 Spaces (4.79 Spaces per 1,000 SF Leased)
Frontage
1,233’ on West McKinley Avenue
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 71-09-04-351-001.000-023 | Improvements Assessment | $5,375,100 |
| Land Assessment | $5,545,200 | Total Assessment | $10,920,300 |
Property Taxes
Parcel Number
71-09-04-351-001.000-023
Land Assessment
$5,545,200
Improvements Assessment
$5,375,100
Total Assessment
$10,920,300
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