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    1115 Parkway Ave Elkhart, IN 46516

    For Sale
    $2,000,000

    Other/Unknown - Business Park,Institutional/Govrnmntl,Medical/Dental,Professional,Restaurant,Service

    Lot size:
    3.60 Acres
    Days on Market:
    184
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 1115 Parkway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    6
    APN
    20-07-07-151-001.000-039
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, Three Phase
    Exterior features
    Three Phase
    Lot size
    3.60 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2022
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    One Realty, LLC (574) 849-5886 [email protected]

    Listing agent Lori Snyder (574) 849-5886 License #RB14022203

    Listing date Jun 5, 2025

    MLS# 202233698 Listing URL

    Copyright © 2025 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Professional Office/Medical Space For Sale

    This professional office and medical space is located in Elkhart, Elkhart County, Indiana. The property is centrally located within the Midwest, Elkhart County, and is accessed by US 20 Bypass and ST RD 120 and I 80/90, just minutes from exit 96. The property includes ownership of land and building with condo association of 20,000 sqft. The exterior features brick, with brick EFIS, steel soffit and fascia. All units come complete with finished bathrooms, break rooms and a mechanical room. City water and city sewer are available, along with AEP electric and NIPSCO gas. Exterior and parking lots are complete with signage and landscaping. The property is located directly off of CR 17, next to Goshen Medical, Sports Time Restaurant, title companies, attorneys, a real estate office, and a mortgage company, with shopping directly off the US 20 Bypass. The property has a commercial canopy perfect for patient/customer drop off. Taxes and maintenance are approximately $3.00 per sqft. The lot size is 3.6 acres. The property can be purchased in 5,000 sqft or 10,000 sqft increments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Clothing Store Nail Salon Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8859
    Latitude
    41.6758

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    FAQs

    What type of property is this?
    Medical office - Turn key shell, centrally located near US 20 Bypass.
    Where is this medical office located?
    The property is located at 1115 Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Prime location in Elkhart County with easy access to US 20 Bypass, ST RD 120, and I 80/90 (Exit 96).; - Turn-key shell space ready for custom buildout, offering flexibility for specific needs.; - Ownership of land and building within a 20,000 sqft condo association.
    (574) 849-5886
    Request Owner's contact information
    1115 Parkway Ave Elkhart, IN 46516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1115 Parkway Ave Elkhart, IN 46516
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