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Investment Highlights

  • Heavy Power
  • Updated Offices
  • 12 Docks
  • Roof Mount HVAC

Executive Summary

Single tenant industrial facility located on the south side of Mishawaka with a newly-signed lease extension with Dexter Distribution Group, LLC.
Property offers convenient access to Capital Ave, with connectivity to US 20 and the 80/90 Toll Road. The building features heavy power distributed throughout, updated office space, and a large showroom. Additional key features include favorable parking-to-building ratio, along with multiple dock doors and several overhead doors. Good opportunity for a high cash flowing investment.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $5,142,806 CAD
Price Per SF $55.95 CAD
Sale Type Investment or Owner User
Cap Rate 11.26%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class C
Lot Size 9.59 AC
Rentable Building Area 91,910 SF
No. Stories 1
Year Built/Renovated 1968/1998
Tenancy Single
Parking Ratio 0.85/1,000 SF
Clear Ceiling Height 10’
No. Dock-High Doors/Loading 12
No. Drive In / Grade-Level Doors 2
Zoning I-1

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Signage
  • Backup Power / Generators

Utilities

  • Lighting
  • Gas
  • Water - City
  • Sewer - City
  • Heating
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
71-09-23-100-002.000-022
Land Assessment
$279,494 CAD
Improvements Assessment
$1,494,832 CAD
Total Assessment
$1,774,327 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 39243094

  • Date on Market: 2026-01-28

  • Last Updated:

  • Address: 1655 E 12th St, Mishawaka, IN 46544

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