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    22538 Pine Arbor Dr Elkhart, IN 46516

    For Sale
    $850,000

    11-acre development site with high visibility and frontage.

    Property size:
    11 SF
    Lot size:
    479.00 Acres

    Property Features for 22538 Pine Arbor Dr

    General Information

    Size
    11 SF
    Lot size
    479.00 Acres

    Source: John Piraccini Agent John Piraccini

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

    Overview

    Development Opportunity Near Arbor Lakes

    This 11-acre property presents an excellent development opportunity, situated in front of the Arbor Lakes Apartments complex. It features 1,000 feet of visible exposure on Toledo Rd and 530 feet of frontage on Pine Arbor Dr. The location offers convenient access to various parts of the region, positioned just off the U.S. 20 Bypass, which sees 24,000 cars daily, and CR 17, with 25,000 cars daily. Located within the Concord School District, the property is approximately 2 miles from a large industrial area that houses reputable businesses, including Thor Motor Coach, Siemens Healthcare, Godfrey Marine, Forest River, Lippert Components, Welch Packing, and Carpenter Co. It is also 4 miles from downtown Elkhart, 5.5 miles from the Indiana Toll Road Interchange, and 9 miles from Downtown Goshen. The U.S. 20 Bypass provides an easy route from Elkhart to South Bend and beyond. Furthermore, Goshen, IN, less than 15 miles away, is projected to complete a 315-acre industrial park southeast of the Elkhart County Fairgrounds by the end of 2025. The property is zoned R: Residential and has 479,160 sqft.
    Insight Report Location Intelligence

    Current Use by Public Records

    Arbor Lakes Apartments Apartment Rental Agency Aadvantage Suites Furnished Apartment Building Arbor Lakes management ... Corporate Office

    Suggested Use

    Law Firm Restaurant Realty agency Hair Salon Dental Office Nail Salon Gym & Fitness Pharmacy Daycare Center Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.90019
    Latitude
    41.668705

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    FAQs

    What type of property is this?
    Land - 11-acre development site with high visibility and frontage.
    Where is this land located?
    The property is located at 22538 Pine Arbor Dr Elkhart, IN.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Excellent development opportunity on approx. 11 acres with high visibility (1,000 FT on Toledo Rd) and frontage (530 FT on Pine Arbor Dr).; - Located just off U.S. 20 Bypass and CR 17 with high daily traffic counts.; - Proximity to major industrial area (2 miles) with reputable businesses.
    (574) 243-9522
    Request Owner's contact information
    22538 Pine Arbor Dr 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
    22538 Pine Arbor Dr Elkhart, IN 46516
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