2754 E Lincolnway Highway Mishawaka, IN 46544

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Hotel & Motel • 49Y Old

$975,000

2754 E Lincolnway Highway

4.82 Acres
Property Description

Approx. 4.82 total buildable acres available for commercial development. Will divide. Great opportunity and great location with high visibility from two majorly traveled roads: Lincolnway E/SR 933 and Capital Ave/SR 331 with 545 ft. of frontage on Lincolnway E. Property abuts the St. Joseph River with approx. 296 ft. of water frontage. Existing hotel on site with nearly 170 parking spaces. Out lots can be purchased separately. Entire property priced at $995,000. Out lot 1 (lot 3 on exhibit) is approx. 1.62 acres priced at $395,000. Out lot 2 is .97 acres priced at $275,000 Property is zoned C-1: General Commercial allowing for ample commercial and retail possibilities. Traffic count on Lincolnway E/SR 933 over 21,000 cars daily and traffic count on Capital Ave./SR 331 at nearly 26,000 cars daily. Municipal water and sewer available. Total Taxes: $30,189 Tax Year: 2019 NOTE: Skinny parcel included to the farthest west puts the acreage over 5 acres, the minimum acreage for a PUD rezoning in the City of Mishawaka. Land not buildable.

Amenities

Map to 2754 E Lincolnway Highway, Mishawaka, IN 46544

Property
MLS # 202101127
Status Active
Property Type Commercial
Property SubType Hotel & Motel
New Construction No
Type Hotel & Motel
Annual Taxes $30,189.00
Year Taxes Payable 2019
Year Built 1972
Days on Market 11
Additional
External Features
Construction Hotel & Motel
Lot Size 209,959 sq ft
Location
Area St. Joseph County
County St. Joseph County
Subdivision None
Township Penn
City Mishawaka
State IN
Zip 46544
Financial
Assoc. Dues $0.00

MLS# 202101127.
Listing Provided Courtesy of John Piraccini
Coldwell Banker Real Estate Group

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Friday, January 22nd, 2021 at 11:15 PM EST.