$815,000 Industrial for Sale — 2101 Lincoln Way E, Mishawaka, IN 46544

Summary

This is a industrial property for sale at 2101 Lincoln Way E, Mishawaka, IN 46544, listed at $815,000. The property has 1 units, 12,195 square feet, built in 1980. Financials show net operating income of $66,449, a 8.2% cap rate, gross income of $74,268 based on seller figures.

Key facts

• Asking price: $815,000
• Property type: Industrial
• Cap rate: 8.2%
• NOI: $66,449
• Gross income: $74,268
• Expense ratio: 8.7%
• Units: 1
• Building SF: 12,195
• Lot (acres): 0.46
• Year built: 1980
• Zoning: C-1 - Commercial

Description

Well-maintained flex/office/warehouse property for sale on highly visible Lincolnway East in Mishawaka. Zoned C-1 Commercial, the property is currently operating as a daycare and leased NNN at $74,267.55/Yr. Property includes 4,500 SF of finished first-floor, 2,375 SF mezzanine 2nd floor, and 5,320 SF warehouse space with 3 overhead doors, heavy power, high ceilings, and floor drain. Excellent access, visibility, and long-term flexibility for investors or future owner-users. Nicely finished office space with private offices, reception/waiting area, work room, and break room. Mezzanine 2,375 SF mezzanine office accessed by a spiral lobby staircase. Warehouse 5,320 SF warehouse section with high ceilings. Loading/Access 3 overhead doors. Utility Features Heavy power and floor drain. Visibility Strong frontage and access on Lincolnway East. Investment Appeal In-place NNN tenant provides income with tenant reimbursement structure.

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