4101 Edison Lakes Pky
Mishawaka, IN 46545
Edison Lakes Office Building II · Office Property For Sale

The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present for sale the Edison Lakes Office Building II, a two-story, Class B office property totaling 41,008 square feet located in Mishawaka, Indiana. Built in 1991, the property is currently 91.3% leased to a strong mix of national, regional, and local tenants, with a weighted average lease term of 2.27 years remaining. Situated on 3.77 acres with 125 parking spaces, the property offers both a stable income stream and upside potential through lease-up of the remaining vacancy and rental rate growth.
Market: The property is located in the highly desirable Edison Lakes Corporate Park, Mishawaka’s premier business district. The area is home to numerous corporate offices, financial institutions, medical practices, and professional service firms. Tenants benefit from proximity to major roadways including I-80/90 (Indiana Toll Road) and SR-23, as well as abundant retail, dining, and hospitality options nearby. The surrounding trade area includes University Park Mall, Saint Joseph Regional Medical Center, and multiple higher education institutions, making it a vibrant employment hub.
Location: Edison Lakes Office Building II is strategically located in Mishawaka, IN, offering direct access to the area’s primary commercial corridors and interstate connections. Just minutes from downtown Mishawaka and South Bend, the property is positioned to serve tenants from across the Michiana region. Interstate 80/90 is less than a 10-minute drive, providing convenient connectivity to Chicago, Detroit, and Toledo. The building benefits from excellent visibility within Edison Lakes Corporate Park, a master-planned business community known for its professional environment, abundant parking, and walkable amenities.
Stable Current Tenant Mix: Edison Lakes Office Building II features nine total tenants across a diverse range of industries, anchored by recognized names such as Digi International Inc., Wells Fargo Clearing Services LLC, and Krieg DeVault LLP. The property’s tenancy profile is a balanced mix of long-term occupants and newer leases, providing both income stability and near-term mark-to-market potential. The current vacancy of 3,568 square feet is budgeted at $22.50/SF, allowing an investor to capture immediate upside.
Why Edison Lakes Office Building II?
With strong in-place income, national credit tenancy, and remaining lease-up potential, Edison Lakes Office Building II represents an excellent opportunity for investors seeking stable returns with value-add upside. The combination of location quality, occupancy strength, and a mix of national and regional tenants positions the property as a long-term performer in the Mishawaka office market.
Property Features: 4101 Edison Lakes Parkway is a well-maintained, two-story Class B office building totaling 41,008 square feet, situated on a 3.77-acre site with 125 surface parking spaces. Constructed in 1991, the property offers updated common areas and reliable building systems, supporting a professional and welcoming environment. Currently 91.3% occupied with a weighted average lease expiry of 2.33 years, the building features flexible suite sizes and configurations to suit a variety of tenant requirements. Located in Mishawaka’s premier business park, the property benefits from strong surrounding demographics and a highly accessible, sought-after location.
Investment Highlights:
Strong Credit Tenants – Wells Fargo and Digi International anchor the rent roll
Attractive Returns – Current 9.83% CAP and 13.90% COC, with pro forma 11.60% CAP and 20.92% COC
High Occupancy – Over 91% leased with immediate upside via 3,568 SF vacancy
Diverse Tenant Mix – Professional services, finance, and technology tenants ensure income stability
Upside Potential – Vacancy lease-up and rental rate growth at rollover