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    8 Parkway Ave Elkhart, IN 46516

    For Sale
    $3,175,000

    Commercial Land - Elkhart, IN

    Lot size:
    12.75 Acres
    Days on Market:
    514
    Last Refresh:
    Dec 5 at 12:06 pm

    Property Features for 8 Parkway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20-07-07-351-003.000-039
    Lot size
    12.75 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 Jul 10, 2024

    MLS# 202224561 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 For Sale

    This 12.75-acre commercial land parcel is located in the Pinecreek at 17 Development in Elkhart, Indiana. The site is suitable for residential, mixed-use, or hotel development. Roads, utilities, city water, city sewer (capable of handling up to 500 multi-family residential units), and signage are already in place. The land is surveyed, platted, and shovel-ready. The property has frontage and visibility on US 20 Bypass and CR 17. It is centrally located directly off of the US 20 bypass, 2 miles south of US 120, and 4 miles south of the I 80/90 toll road. Elkhart County is a national leader in logistics. Indiana is in the median center of U.S. population with the distribution advantage that 70% of the U.S. population is within a day's drive of the state.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9564
    Latitude
    41.6757

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    FAQs

    What type of property is this?
    Commercial land - Shovel-ready land for residential, mixed-use, or hotel development.
    Where is this commercial land located?
    The property is located at 8 Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $3,175,000.
    What are key features of this property?
    This property features: - Shovel-ready land with roads, utilities, and signage in place.; - Prime location with US 20 Bypass frontage and CR 17 visibility.; - Centrally located: directly off US 20 bypass, 2 miles south of US 120, and 4 miles south of I 80/90 toll road.
    (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
    8 Parkway Ave Elkhart, IN 46516
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