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$1,299,000

608 N Main Street Mishawaka, IN  46545

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Property Description for 608 N Main Street Mishawaka, IN 46545

Fantastic investment or redevelopment opportunity in the vibrant and fast-growing downtown district of Mishawaka, adjacent to the newly constructed Inova Federal Credit Union. Located 1/2 a block from heavily traveled intersection of N Main St (25,000 cars daily) and Mishawaka Ave (10,000 cars daily, INDOT Traffic Counts), the building is completely rented out with Hometown Pharmacy on the retail level and 5 apartments upstairs. Seller had a new roof put on in 2021 along with new ceilings and insulation. Owner also has just finished a new maintenance free metal side to the building facing the Inova Credit Union. The property also includes the adjacent parking lot with alley access. Note: There are 3 total parcels (see aerial). The property boasts excellent location and visibility, with the Mishawaka Riverwalk just across Mishawaka Ave. Also, across the river (0.2 miles) is the newly developed Ironworks Plaza and The Mill apartments which includes the Mishawaka Public House, Sun King Brewery, and Social Cantina. The Mill Phase II is currently in the works along with the soon to open Avalon Apartments. The property is also only 2 miles (6 mins) from the Main St/Grape Rd Shopping Corridor, 2.5 miles (7 mins) from IN-331/Capital Ave, and 5 miles (15 mins) to the University of Notre Dame. Zoned C-1: Commercial. Total Taxes for all 3 parcels: $9,034.54. Tax Year: 2023.

Address:608 N Main Street Mishawaka IN 46545
Status:Active
on site: 131 days
Price:$1,299,000
Bathrooms:0
Year Built:1927
Lot Size:0.27
County: St. Joseph County
Township: Penn
MLS #:202429043
Property Type:Other/Unknown

Lot Dimensions:120x100
Directions:Just Nort of Mishawaka Ave on N Main St, adjacent to the Inova Credit Union
Basement:Yes

Loan Price
$8,070
Price And Interest $6,776/month
Property Tax $753/month
MTG INS $0/month
HOME INS $541/month
Price
$1,299,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$753/month
Home Owner Insurance
$6,492 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Master Bedroom 3000 x 7767 Info Not Available
3rd Bedroom 6 x 1 Info Not Available
Den 1 x 15534 Info Not Available

Semi-Annual Property Tax:$4,517
Tax Year:2023
Mandatory HOA Fee:$

Subdivision: None
Zip Code:46545

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Listing provided courtesy of John Piraccini with Coldwell Banker Real Estate Group

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Mishawaka Market Report

120
Avg. DOM
$155.46
Avg. $ / Sq.Ft.
$ 222,000
Med. List Price

The house prices in Mishawaka are indeed dropping at the moment. There has been a decrease in price of $13,638.56. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Mishawaka are going Down. The average house price is $222,450.00 and the average price per square feet is $155.00 per square feet. At the moment, the amount of homes listed is exactly 660 houses, with 124 with active status, 68 with pending status and 468 sold in Mishawaka .

The most popular place to buy a home in Mishawaka is 023 - Garrard County. 023 - Garrard County is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Mishawaka .

The average amount of property taxes you would have to pay for a home in Mishawaka is $1,928.11. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Mishawaka are staying listed for an average of 65 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Mishawaka was 6 minutes ago.

At the moment we have 2 open houses that you can visit.

The cost of the most expensive home in Mishawaka is $669,900.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Mishawaka is $89,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Mishawaka in year 1880 and the newest built house is in year 2024.

The average size of properties in Mishawaka is 1685.65 sq.ft. , the biggest one being 4884 sq.ft. and the smaller being 600 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.