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    290 W Hively Ave Elkhart, IN 46517

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    For Sale
    $500,000

    Redevelopment site at signalized corner in Elkhart, Indiana.

    Property size:
    3,187 SF
    Lot size:
    0.49 Acres

    Property Features for 290 W Hively Ave

    General Information

    Size
    3,187 SF
    Lot size
    0.49 Acres

    Source: Endeavour Commercial Agent Brent C. Miller

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

    Overview

    Elkhart Redevelopment Site Available

    A redevelopment site is available at the signalized corner of Hively Avenue and Benham Avenue in Elkhart, Indiana. The City of Elkhart Redevelopment Commission is planning on redeveloping the Woodland Crossing Shopping Mall into a mixed-use development. The planned development includes a proposed 140 residential units, a $6.25 million infrastructure investment, and 200,000 square feet of improved commercial space. Existing national and regional retailers, including Kroger and CVS, are long-established in the area. The site has the potential to be expanded to the north and east, depending upon the proposed use. Use restrictions are in place for fuel sales, pharmacy, and grocery, among others. Many other uses remain available, such as office, quick-service restaurants, and community service users. The 2024 Annual Average Daily Traffic counts are 6,194 on Benham Avenue and 8,325 on Hively Avenue. The property size is 3,187 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    MoneyGram Money Transfer Service JB Express Mart Convenience Store Bitcoin Depot | Bitcoin ... Atm Bitcoin Depot ATM Atm

    Suggested Use

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

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

    Similar Places Nearby

    BMV Connect Kiosk, Woodland Crossing, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.972358
    Latitude
    41.659543

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    FAQs

    What type of property is this?
    Shopping center - Redevelopment site at signalized corner in Elkhart, Indiana.
    Where is this shopping center located?
    The property is located at 290 W Hively Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Redevelopment site at a signalized corner of Hively & Benham.; - Located within the City of Elkhart Redevelopment Commission's plan to redevelop the Woodland Crossing Shopping Mall into a mixed-use development.; - Proposed development includes **140 residential units, $6.25M infrastructure investment, and 200,000 SF of improved commercial space.**
    (574) 536-4438
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    290 W Hively Ave Elkhart, IN 46517
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    Elkhart, IN 46517
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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
    290 W Hively Ave Elkhart, IN 46517
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