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Listed by Tariq Suboh • Ellsbury Group
$ 179,000
Est. payment /mo
Active
432 S Byrkit Avenue Mishawaka, IN 46544
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
Subdivision St Joseph(S)
MLS Listing ID 202626420
Year Built 1957
Annual Tax Amount $1,800
Tax Year 2025
Lot Size 0.260 Acres
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
County St. Joseph County
Area St. Joseph County
Direction From Bremen Highway go east on E Deagoon Trl. Turn left heading north on Fir Rd (turns into s Byrkit ave) then turn on E 6th st. Go through the gate to your right. Property is straight ahead
Interior
Flooring Concrete
Appliance Building
Laundry , 6
Exterior
Roof Type Metal
Total Parking Spaces 6
Building
Story 1
New Construction No
Others
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.