List Search

432 S Byrkit Ave
Mishawaka, IN 46544

$179,000 USD

Warehouse Condo For Sale  •  3,000 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 3,000 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1957
  • Tenancy Single
30 Transit Score
30 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 432 Industrial 3,000 SF $179,000 USD
  • Unit Size: 3,000 SF
  • Condo Use: Industrial
  • Price: $179,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $59.67 USD
Sale Notes
432 S Byrkit Ave is a 3,000 SF, four-unit small-bay industrial building in Mishawaka, IN. Configured as four individual drive-in units (two ~1,000 SF and two ~500 SF) served by six grade-level overhead doors - the small-bay format tenants compete for, keeping vacancy low and rents sticky. Three of four units are leased month-to-month (two long-term tenants of 14 and 5 years); re-leasing the vacant unit lifts the pro forma cap rate to approximately 10.9%. All leases are month-to-month, so the property suits an investor seeking diversified, granular income or an owner-user who can take possession on short notice. All-electric building; tenants pay their own electric. Adjacent 434 S Byrkit Ave (12,000 SF) is also available - buy individually or together as a 15,000 SF portfolio for $778,000. Offered at $179,000 ($59.67/SF).

Description 

Located in Mishawaka, Indiana, 434 S Byrkit Avenue features a well-maintained industrial facility on a generous lot, offering an exceptional opportunity for both owner-users and investors. The building is divided into two functional sections, providing flexibility for single or multiple occupants. One side is currently occupied by an established tenant on a short-term basis, creating immediate income potential combined with the option for owner occupancy or full lease-up in the future.

Highlights

Flexible two-section layout suitable for one or multiple users.
Recent capital updates enhance property quality and reduce maintenance costs.
Existing short-term tenant provides current income with expansion options.
Features include generous clear heights and reliable power capacity for diverse industrial applications.
Located in an established industrial area with easy access to regional roadways and transportation links.

Property Flyers

Amenities

  • Fenced Lot

Public Transportation

Commuter RailDriveWalkDistance
South Bend Amtrak Station (Capitol Limited - Amtrak, Lake Shore Limited - Amtrak) 15 min - 8.3 mi
AirportDriveWalkDistance
South Bend International 28 min - 12.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Jeremy Slowinski 219-200-5133 Ellsbury Commercial Group
Jeremy Slowinski 219-200-5133 Ellsbury Commercial Group