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    21835 State Road 120 Elkhart, IN 46516

    For Sale
    $330,000

    Commercial Land - Elkhart, IN

    Lot size:
    1.93 Acres
    Days on Market:
    120
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 21835 State Road 120

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20-03-31-151-044.000-030
    Exterior features
    Other Buildings
    Lot size
    1.93 Acres

    Building Details

    Architectural style
    Other

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

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

    Listing date Aug 9, 2025

    MLS# 202430164 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

    Elkhart Commercial Land Opportunity

    This 1.93-acre commercial land parcel is zoned B-2 and located in Elkhart, Indiana. The existing 1,400-square-foot building could be utilized as an office. Situated between a McDonald's restaurant and Dr. Toppings Dental Practice, the property is suitable for various business uses, including retail or a marina-type business, with public waterway entry directly to the north. B-2 zoning permits convenience stores, liquor stores, medical supply stores, shopping centers, bars/restaurants, business offices, showrooms, pet stores, and photography studios. The value is primarily in the land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.887573
    Latitude
    41.703661

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    FAQs

    What type of property is this?
    Commercial land - 1.93 acres of B-2 zoned land in Elkhart, Indiana.
    Where is this commercial land located?
    The property is located at 21835 State Road 120 Elkhart, IN.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: - Prime 1.93-acre lot zoned B-2, offering diverse business opportunities.; - Ideal location between McDonald's and Dr. Toppings Dental Practice.; - Direct public waterway access to the North, perfect for marina-related businesses.
    (574) 849-5886
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    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
    21835 State Road 120 Elkhart, IN 46516
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