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29106908
29106909

4110 Grape Rd, Mishawaka, IN 46545

RR
OH 2015004880
Northmarq Capital, LLC
PM
OH OH SAL.2007001635, OH
Northmarq - St Gregory
Listed by Northmarq Capital, LLC, Northmarq - St Gregory
$4,310,000
155 days on market
Updated 98 days ago

Grape and Day Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 29,170
Net Rentable (SqFt) 29,170
Units 5
Cap Rate 7.25%
NOI $312,398
Occupancy 88%
Tenancy Multi
Brand/Tenant Anytime Fitness
Lease Type NNN
Lease Term 15
Lease Expiration 01/31/2034
Remaining Term 7.6
Rent Bumps Yes
Lease Options Varies
Price per SqFt $148
Year Built 1994
Buildings 1
Acreage 2.550
Parking Spaces 60 spaces
Parking Per SqFt 2.06
Lease Commencement 02/01/2019
Ownership Fee Simple

Retail | 7.25% CAP | 29,170 SqFt

Marketing description

Northmarq is pleased to exclusively offer for sale Grape & Day Plaza, an approximately 29,170 SF retail center positioned at the main-and-main intersection of Grape Road and Day Road in the heart of Mishawaka’s highly developed and thriving commercial corridor. The center is anchored by a durable mix of medical, fitness, educational, and entertainment tenants—including CSL Plasma, Anytime Fitness, Ross Education Center, and Double A Birdies (Net Par)—with a ±3,500 SF vacancy offering meaningful value-add upside.

Grape & Day Plaza sits within one of Northern Indiana’s most dynamic regional retail destinations, surrounded by a comprehensive mix of national retailers, restaurant chains, and major economic drivers. The immediate area features an 820,000 SF regional indoor mall, several big box retailers, a 700,000 SF Class A office park, and a $355 million, 656,000 SF state-of-the-art hospital opened in 2009. The property enjoys exceptional access on a hard corner at a signalized intersection, just two miles east of the University of Notre Dame, and directly across from the only Whole Foods in Northern Indiana, as well as Kohl’s, Gordmans, Shoe Carnival, Old Navy, Dick’s Sporting Goods, PetSmart, and other major retailers.

With its irreplaceable location, strong surrounding tenant synergy, and long-term stability inherent to the University Park corridor, Grape & Day Plaza represents an outstanding investment opportunity benefiting from high traffic counts, institutional-grade surrounding development, and limited competition for future retail development.

Investment highlights

Main-and-Main Corner in Mishawaka’s Premier Retail Corridor

  • Directly Across From the Only Whole Foods in Northern Indiana

  • Proximity to Major Institutional and Regional Demand Drivers


Located Within One of Northern Indiana’s Densest Retail Clusters

  • Immediate trade area includes: 820,000 SF anchored regional indoor mall (University Park Mall)

  • Several category-leading big box retailers

  • A 700,000 SF Class A office park

  • A $355 million, 656,000 SF regional hospital opened in 2009

  • Surrounding synergy makes this one of the most established and high-performing retail destinations in the region

Directly Across From the Only Whole Foods in Northern Indiana

  • The Property sits directly opposite Whole Foods, a powerful grocery anchor that drives significant daily traffic

  • Also across from Kohl’s, Gordmans, Shoe Carnival, Old Navy, Dick’s Sporting Goods, PetSmart, and additional top national tenants

Proximity to Major Institutional and Regional Demand Drivers

  • Only two miles east of the University of Notre Dame, providing year-round traffic from students, faculty, alumni, and event visitors

  • Close proximity to I-80/I-90 (Indiana Toll Road), strengthening regional accessibility and catchment

29,170 SF Retail Center With Strong Tenant Mix

  • Anchored by medical, fitness, educational, and entertainment uses—resilient categories that are less susceptible to
    e-commerce pressures

  • Includes a ±3,500 SF value-add vacancy, offering meaningful upside for investors

High Traffic Counts & Exceptional Access

  • Located along one of the most traveled corridors in the region, surrounded by national retailers and daily destination traffic

  • Excellent long-term stability supported by entrenched retail demand and limited availability of comparable sites

Institutional-Quality Surrounding Development

  • The immediate trade area features high-density retail, office, healthcare, and hospitality development—creating a sustained, diversified consumer base that supports long-term investment performance

Listing Contacts

RR
OH 2015004880
Northmarq Capital, LLC
PM
OH OH SAL.2007001635, OH
Northmarq - St Gregory
Listed by Northmarq Capital, LLC, Northmarq - St Gregory

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$312,398.00
$26,033.17/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Thomas Fritz
License
Indiana Broker: RB14048630
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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