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.

IDX information provided by the Indiana Regional MLS. Data was last updated on this website at July 8, 2026 8:38 AM UTC. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

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Property Details of 432 S Byrkit Avenue

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Abram Christianson

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Property Details of 432 S Byrkit Avenue

Property Details

Basic Information

Building

Location

Finance

Interior Features

Basement

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Abram Christianson