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Tim Haber

tim@teamhaber.com +1(260) 403-1940

Listed by Ellsbury Group

$ 179,000

Est. payment | -/mo

0.26 Acres Lot

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$ 179,000

Est. payment | -/mo

Save Virtual Tour

0.26 Acres Lot

Key Details

Property Type Commercial

Sub Type Warehouse

Listing Status Active

Purchase Type For Sale

Subdivision St Joseph(S)

MLS Listing ID IRM202626420

HOA Y/N No

Year Built 1957

Annual Tax Amount $1,800

Tax Year 2025

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 200 x 60

Property Sub-Type Warehouse

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.

Location

State IN

Zoning Light Industrial

Rooms

Basement Slab

Interior

Heating None

Inclusions Building

Fireplace N

Exterior

Parking Features Private

View Y/N true

Total Parking Spaces 6

Building

Sewer None

Water None

New Construction No

Others

Pets Allowed No

Tax ID 71-09-14-301-019.000-023

Acceptable Financing IRM202626420

Listing Terms IRM202626420

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202626420

Nearby Locations

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Tim Haber

Broker-Associate Lic# RB14046378

tim@teamhaber.com

+1(260) 403-1940

8101 Coldwater Rd, Fort Wayne, IN 46825

432 S Byrkit AVE Mishawaka, IN 46544

Tim Haber

Key Details

Location

Rooms

Interior

Exterior

Building

Others

432 S Byrkit AVE