432 S Byrkit Avenue, Mishawaka, IN 46544

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.

Listing Status:

Active

Date Added:

July 2, 2026

Data Last Updated:

July 7, 2026 at 2:58AM

Listing Office:

Ellsbury Group : 219-200-5133

Listing Agent:

Tariq Suboh : 219-200-5133

MLS ID:

202626420

Interior

• Basement: Slab
• Flooring: Concrete
• A/C: None
• Heating: None

Exterior

• General: Metal440 Volts
• Parking: PrivateParking spaces: 6

Construction

• Roofing: Metal

Lot

• Zoning: LOT 5 JRC CORP SUB 03-04 REPLAT NEVER SET UP 02-32551 6-14-0271-09-14-301-019.000-023