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    1333 S Nappanee St Elkhart, IN 46516

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    For Sale
    $1,200,000

    Profitable retail business with real estate on a busy street.

    Property size:
    11,172 SF
    Lot size:
    0.68 Acres

    Property Features for 1333 S Nappanee St

    General Information

    Size
    11,172 SF
    Lot size
    0.68 Acres

    Source: NAI Cressy Commercial Real Estate - Corporate Agent Shawn Todd

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Retail Business For Sale

    This offering includes both the business and real estate. The business is a niche retail operation with no local competition, reporting over half a million in annual sales and a six-figure net annual income. The property benefits from a location on a busy retail corridor with high traffic count and excellent signage. The business has a staff of 4 employees who are willing to stay on. There is an opportunity to grow with online sales. Additional information is available with a non-disclosure agreement. The property size is 11172 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big & Tall Outlet Men'S Clothing Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.00392
    Latitude
    41.67605

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    FAQs

    What type of property is this?
    Retail space - Profitable retail business with real estate on a busy street.
    Where is this retail space located?
    The property is located at 1333 S Nappanee St Elkhart, IN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Established business with 6-figure net annual income.; - Successful niche retail with over half a million in annual sales.; - Great location on busy retail corridor.
    (574) 485-1520
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    1333 S Nappanee St 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
    1333 S Nappanee St Elkhart, IN 46516
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