Mishawaka, IN
Commercial Real Estate Market Trends & Data

$117 Avg asking sale price
$14 Avg asking lease rate
18,147 SF Avg unit lease size
39,839 SF Avg building size for sale
8.36% Average cap rate

Mishawaka's Demographic Profile

Mishawaka has 23,477 households and a median income of $52,168, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 51,799
# Households 23,477
Median age 38
Median household income $52,168
Avg household size 2.0
Renter-occupied housing units 11,590
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Mishawaka, IN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Mishawaka $106 12,393 SF 9.55%
South Bend $109 13,352 SF 9.55%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Mishawaka $67 37,584 SF 11.26%
South Bend $73 30,663 SF 11.26%
Elkhart $45 84,740 SF 7.82%
Nearby Retail Markets Avg Cost/SF Typical Size
Mishawaka $194 52,920 SF
Granger $102 353,151 SF
Roseland $101 1,938 SF
South Bend $187 54,862 SF
Elkhart $143 16,189 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Mishawaka $98 20,823 SF 8.70%
South Bend $98 20,823 SF 8.70%
Elkhart $108 365,412 SF 6.63%
Plymouth $108 50,510 SF 7.08%

Commercial Properties For Sale in Mishawaka

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

0.94 Acres Grape Rd. Mishawaka

Mishawaka, IN 46545

  • 0.94 AC Lot
  • 1 Commercial Lot
  • $529,000
For Sale

Valvoline Instant Oil Change | South Bend, IN

South Bend, IN 46614

  • 1,674 SF Retail Building
  • 6.05% Cap Rate
  • $2,000,000
For Sale

8+/-Acres across Four Winds Casino Resort

South Bend, IN 46614

  • 7.92 AC Lot
  • 1 Commercial Lot
  • $1,495,000
For Sale

2401 Schumacher Dr

Mishawaka, IN

  • Industrial Building
  • $685,800
For Sale

1735 N Bendix Dr

South Bend, IN 46628

  • 27,419 SF Industrial Building
  • $1,512,500
For Sale

1 & 2

Mishawaka, IN 46545

  • 16,104 SF Industrial Building
  • $685,800

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Where Multifamily Asking Prices Are Rising and Falling in 2026
Where Multifamily Asking Prices Are Rising and Falling in 2026
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Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
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What Are Leasehold Improvements?
A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
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Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
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How to Buy a Duplex
Breaking down every stage of buying a duplex, from budgeting and financing to agent selection and market analysis, ensuring you make an informed investment decision.
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Spec Suites: A Powerful Tool in the Battle To Fill Office Space
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Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Mishawaka pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Mishawaka $117 39,839 SF
Osceola $121 6,516 SF
Granger $226 190,401 SF
Roseland $142 1,938 SF
South Bend $120 38,124 SF

Regional Demographic Comparison

This comparison places Mishawaka alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Mishawaka or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Osceola 2,527 996 40 $61,802 3 226 -2%
Roseland 1,613 706 33 $45,694 2 401 12%
South Bend 113,090 43,706 34 $48,642 2 20,170 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Mishawaka, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Mishawaka

View All Commercial Real Estate For Sale in Mishawaka
Is Mishawaka a good market for a first-time commercial real estate investor?

Mishawaka offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Mishawaka?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Mishawaka. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Mishawaka?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Mishawaka. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Mishawaka compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Mishawaka. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Mishawaka acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Mishawaka, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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