Unique investment opportunity to own and manage a business and live on the premises. A total of 8 parcels with multiple income properties from retail to motel to two single family rental homes. The fully occupied motel features 10 rooms and a 3 bedroom/2 bath owners suite. Great cash flow. 435 feet of frontage on McKinley Highway and a total of 2.37 acres.
Closed
$650,000
1640 E McKinley Ave, Mishawaka, IN 46545
10beds
5,444sqft
Multi Family
Built in 1953
-- sqft lot
$693,800 Zestimate®
$--/sqft
$1,377 Estimated rent
Home value
$693,800
$604,000 - $791,000
$1,377/mo
Zestimate® history
Owner options
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$4,026/mo
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Zillow last checked:
Listing updated:
Listed by:
Heidi Gaskill Office:574-293-1010,
Berkshire Hathaway HomeServices Elkhart
Bought with:
Heidi Gaskill, RB15001192
Berkshire Hathaway HomeServices Elkhart
Source: IRMLS,MLS#: 202329723
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 13
- Full bathrooms: 13
Heating
- Natural Gas, Forced Air, Hot Water, Multiple Heating Systems
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Vinyl Tile
- Has basement: No
Interior area
- Total structure area: 5,444
- Total interior livable area: 5,444 sqft
- Finished area above ground: 5,444
- Finished area below ground: 0
Property
Parking
- Total spaces: 40
- Parking features: Parking Lot
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.37 Acres
- Dimensions: 435 x 237
- Features: Level
Details
- Additional structures: None
- Parcel number: 710902352011.000022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: City, Septic Tank
- Water: City, Well
Community & HOA
Community
- Features: Laundry Facilities
- Subdivision: None
Location
- Region: Mishawaka
Financial & listing details
- Tax assessed value: $7,300
- Annual tax amount: $8,719
- Date on market: 8/18/2023
- Listing terms: Cash,Conventional
- Inclusions: Building, Business
- Lease term: Month To Month
- Total actual rent: 112400
- Tenant pays: Electricity, Heating
Price history
| Date | Event | Price |
|---|---|---|
| 10/18/2024 | Sold | $650,000 |
Source:  IRMLS #202329723 Report a problem | ||
| 7/3/2024 | Pending sale | $650,000 |
Source: IRMLS #202329723 Report a problem | ||
| 6/14/2024 | Listed for sale | $650,000 |
Source: IRMLS #202329723 Report a problem | ||
| 3/15/2024 | Pending sale | $650,000 |
Source: IRMLS #202329723 Report a problem | ||
| 3/15/2024 | Listed for sale | $650,000 |
Source: IRMLS #202329723 Report a problem | ||
| 9/10/2023 | Pending sale | $650,000 |
Source: IRMLS #202329723 Report a problem | ||
| 8/18/2023 | Listed for sale | $650,000 |
Source: IRMLS #202329723 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $134 -9.2% | $7,300 -1.4% |
| 2024 | $147 -25.4% | $7,400 -9.8% |
| 2023 | $198 -2.2% | $8,200 -24.8% |
| 2022 | $202 +1.3% | $10,900 +5.8% |
| 2021 | $200 -2% | $10,300 |
| 2020 | $204 +0.3% | $10,300 -1% |
| 2019 | $203 -2.2% | $10,400 +4% |
| 2018 | $208 +7% | $10,000 +1% |
| 2017 | $194 -4.4% | $9,900 |
| 2016 | $203 -3.7% | $9,900 +2.1% |
| 2014 | $211 -8.9% | $9,700 |
| 2013 | $232 +6.3% | $9,700 -2% |
| 2012 | $218 -2.7% | $9,900 -12.4% |
| 2011 | $224 +7% | $11,300 |
| 2010 | $209 -3.4% | $11,300 |
| 2009 | $217 | $11,300 |
Find assessor info on the county website
Neighborhood: 46545
Nearby homes
- $194,9003 bd1 ba1.1k sqft1613 E McKinley, Mishawaka, IN 46545Off Market
- $96,1002 bd1 ba788 sqft1706 E McKinley Ave, Mishawaka, IN 46545Off Market
- $79,3002 bd1 ba624 sqft1622 E McKinley Ave, Mishawaka, IN 46545Off Market
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- $113,0003 bd1 ba1k sqft2210 N Byrkit St, Mishawaka, IN 46545Off Market
- $114,600-- bd-- ba-- sqft1608 E McKinley Ave, Mishawaka, IN 46545Off Market
- $165,9002 bd1 ba1k sqft55968 Fir Rd, Mishawaka, IN 46545Off Market
Nearby schools
GreatSchools rating
- 7/10Elsie Rogers Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 8/10Schmucker Middle SchoolGrades: 6-8Distance: 2.3 mi
- 10/10Penn High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Elsie Rogers
- Middle: Schmucker
- High: Penn
- District: Penn-Harris-Madison School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Saint Joseph County
- Mishawaka
- 46545
- 1640 E McKinley Ave
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