$150,000

432 S Byrkit Avenue, Mishawaka IN, 46544

Price per sqft$50.00

Built in1957

Property size3,000 sqft

Property typeCommercial

Overview

Active

Updated 10 days ago

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.

Other Property Details

Taxes: $1,800
Tax Frequency: Annually

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID

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Data last updated 3:16 AM UTC, 9/30/2026

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