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Town & Country Shopping Center 822 W McKinley Ave 382,139 SF 88% Leased Retail Building Mishawaka, IN 46545 $19,532,800 CAD ($51.11 CAD/SF) 9.12% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prime Location - Situated in Mishawaka, Indiana, within the South Bend MSA, one of the area’s most active and rapidly growing retail corridors.
  • Strong Anchor Tenancy - Anchored by Kroger and Kroger Fuel Center, providing consistent daily traffic and serving as a primary retail destination
  • Value-Add Opportunity - Approximately 80% occupancy with potential upside through lease-up of remaining vacancies and development of a fully improved
  • Large-Scale Retail Asset - ±380,000 SF shopping center offering a diverse tenant mix of national, regional, and local operators.
  • Attractive Pricing - Offered at $36.64 per SF presenting a basis well below replacement cost.
  • Tenant Roster - Features a dynamic mix of national brands such as Popeyes, Arby’s, Chuck E. Cheese, Subway, and Firestone

EXECUTIVE SUMMARY

Prime Location - Situated in Mishawaka, Indiana, within the South Bend MSA, one of the area’s most active and rapidly growing retail corridors.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
382,139 SF
Building Class
B
Year Built/Renovated
1960/1987
Price
$19,532,800 CAD
Price Per SF
$51.11 CAD
Cap Rate
9.12%
NOI
$1,782,136 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
30.53 AC
Zoning
C - Commercial
Parking
1,829 Spaces (4.79 Spaces per 1,000 SF Leased)
Frontage
1,233’ on West McKinley Avenue

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 10
  • 5,914 SF
  • Retail
  • -
  • Now
  • 12
  • 6,200 SF
  • Retail
  • In-Line
  • 30 Days
  • 18A, 18B, 19
  • 2,793 SF
  • Retail
  • -
  • Now
  • 25C
  • 740 SF
  • Retail
  • -
  • Now
  • 29B
  • 34,842 SF
  • Retail
  • In-Line
  • 30 Days
  • 29C
  • 24,878 SF
  • Flex
  • -
  • 30 Days
  • 29D
  • 6,000 SF
  • Flex
  • -
  • 30 Days
  • 40
  • 28,375 SF
  • Retail
  • End Cap
  • Now
  • 50
  • 6,175 SF
  • Retail
  • Outparcel
  • 30 Days
  • 6
  • 2,653 SF
  • Retail
  • In-Line
  • Now
  • 9
  • 3,639 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
10 5,914 SF Retail - Now
12 6,200 SF Retail In-Line 30 Days
18A, 18B, 19 2,793 SF Retail - Now
25C 740 SF Retail - Now
29B 34,842 SF Retail In-Line 30 Days
29C 24,878 SF Flex - 30 Days
29D 6,000 SF Flex - 30 Days
40 28,375 SF Retail End Cap Now
50 6,175 SF Retail Outparcel 30 Days
6 2,653 SF Retail In-Line Now
9 3,639 SF Retail In-Line Now

10

Size
5,914 SF
Space Use
Retail
Position
-
Available
Now

12

Size
6,200 SF
Space Use
Retail
Position
In-Line
Available
30 Days

18A, 18B, 19

Size
2,793 SF
Space Use
Retail
Position
-
Available
Now

25C

Size
740 SF
Space Use
Retail
Position
-
Available
Now

29B

Size
34,842 SF
Space Use
Retail
Position
In-Line
Available
30 Days

29C

Size
24,878 SF
Space Use
Flex
Position
-
Available
30 Days

29D

Size
6,000 SF
Space Use
Flex
Position
-
Available
30 Days

40

Size
28,375 SF
Space Use
Retail
Position
End Cap
Available
Now

50

Size
6,175 SF
Space Use
Retail
Position
Outparcel
Available
30 Days

6

Size
2,653 SF
Space Use
Retail
Position
In-Line
Available
Now

9

Size
3,639 SF
Space Use
Retail
Position
In-Line
Available
Now
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Planet Fitness
Starbucks
Northwest Bank
Premier Rental Purchase
Rent-A-Center
Fazoli's
Kroger
Bonefish Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-09-04-351-001.000-023
Land Assessment
$8,025,627 CAD
Improvements Assessment
$12,287,411 CAD
Total Assessment
$20,313,038 CAD
  • Listing ID: 38419114

  • Date on Market: 2025-11-12

  • Last Updated:

  • Address: 822 W McKinley Ave, Mishawaka, IN 46545

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