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432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo
432 S Byrkit Avenue, Mishawaka, IN 46544 Photo

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$179,000
Status: Active
432 S Byrkit Avenue Mishawaka, IN 46544
  • Bedrooms
  • Total Baths
  • Square Feet
  • 0.26
    Acres
  • 1957
    Year Built
  • HOA

Property Description

The Ellsbury Group is pleased to present 432 S Byrkit Avenue ? a 3,000 SF all-electric industrial building configured as four individual small-bay units with six grade-level drive-in doors, in Mishawaka, Indiana. Small single-bay units like these are among the most sought-after industrial product on the market ? contractors, tradesmen, online sellers, and storage users compete for them, which keeps vacancy low and rents sticky. The units lease month-to-month; two tenants have stayed 14 and 5 years. Priced at $179,000 ($59.67/SF), three of four units are leased ($18,000/yr in place); re-leasing the vacant unit lifts the cap rate to 10.9%. The small-bay format is built for investors: income is diversified across multiple tenants, units re-lease quickly given deep demand, and granular rents limit exposure to any single vacancy. Every lease is month-to-month, so an owner-user can also buy and occupy on short notice. Next door, 434 S Byrkit is available too ? both for a 15,000 SF, $778,000 portfolio.

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Listed By / Shown By

Listed By

Broker Name: Ellsbury Group
Agent Name: Tariq Suboh
Broker Phone: 219-200-5133

Shown By

Broker Title: Cressy & Everett Real Estate
Broker Phone:

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Property Features

MLS Number: 202626420
Subdivision: St Joseph(s)
County: St. Joseph
Bedrooms: 0
Total Square Feet: 0
Style: Warehouse
New Constuction: No
Construction: Metal
Waterfront: No
Property Type: Commercial -
Cooling: None
Heating: None
Lot Size: 0.26 Acres
Roof Type: Metal
Year Built: 1957

Feature Descriptions

Basement/ Foundation: Slab
Exterior: Metal
Home Style: Warehouse
Lot Dimensions: 200 x 60
Sale Inclusions: Building
Sewer: None
Water: None

Location

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