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5505 Grape Rd
Mishawaka, IN 46545
Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • One of the Strongest Demographic Trade Areas in Our Region

EXECUTIVE SUMMARY

Commercial opportunity on high traffic Grape Road in the University Park Trade Area. The building consists of 15,000 SF currently operating as a climbing gym (repurposed in 2023) but is adaptable for many commercial uses. Renovated in 2023, the building features four (4) new 10-ton rooftop HVAC units, new storefront windows, an expansive open area with multiple climbing wall configurations (which can be removed), five (5) bathrooms (one with shower), a large mezzanine lounge area with kitchenette, a fitness area, and access to delivery area served by one dock door. 16’ ceiling heights throughout. The property is served by municipal utilities and has ample on-site parking. Cross easements are in place with adjacent users. The property is zoned C-1 Commercial allowing for a wide range of uses. Site can accommodate future building expansion to the west.
The property is located at the NW quadrant of Grape and Douglas Roads, in the heart of the University Park Trade Area (UPTA) which encompasses over six million square feet of retail anchored by the 1 million ± square foot Simon operated University Park Mall. The building is in the strongest demographic trade areas in our marketplace, including multiple national retailers Costco, Super Target, Wal-Mart Super Center, Sam’s, Whole Foods, Fresh Thyme, Kohl’s, Lowe’s Home Depot and many others. A new Taco Bell and Valvoline Express were developed immediately adjacent to the subject property in 2023, and a new CarMax dealership is planned across the street. The Saint Joseph Regional medical campus is approximately one-quarter mile away as is the Edison Lakes Corporate park with approximately 1,000,000 square feet of office development. The new Mishawaka Fieldhouse, located nearby, offers state-of-the-art facilities for sports, fitness, and community events. The University of Notre Dame campus is 2 miles west of the site.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,000 SF
Building Class
C
Year Built/Renovated
1983/2023
Price
$2,557,625 CAD
Price Per SF
$170.51 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.19
Lot Size
1.82 AC
Zoning
C-1 - Commercial
Parking
125 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
350’ on Grape Rd Rd

AMENITIES

  • Pylon Sign
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-04-28-376-004.000-005
Land Assessment
$667,588 CAD
Improvements Assessment
$336,239 CAD
Total Assessment
$1,003,827 CAD
  • Listing ID: 34744639

  • Date on Market: 2025-02-06

  • Last Updated:

  • Address: 5505 Grape Rd, Mishawaka, IN 46545

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