Property profile

22538 Pine Arbor Dr Elkhart, IN 46516

FOR SALE
Commercial land
Property ID
US31-0134066
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Property summary

AI-generated overview

Excellent development opportunity on approx. 11 acres sitting out front of the Arbor Lakes Apartments complex 1,000 ft of visible exposure on Toledo Rd. (9,000 cars daily) and 530 ft of frontage on Pine Arbor Dr. Located just off of the U.S. 20 Bypass (24,000 cars daily) and CR 17 (25,000 cars daily, INDOT Traffic Counts) in the Concord School District, the property’s location makes access to many parts of the region easy. Property is 2 miles from a large industrial area that includes highly reputable businesses including Thor Motor Coach, Siemens Healthcare, Godfrey Marine, Forest River, Lippert Components, Welch Packaging and Carpenter Co. Also, only 3.5 miles from U.S. Highway 33 (over 20,000 cars daily), 4 miles to Downtown Elkhart, 5.5 miles to the Indiana Toll Road Interchange at CR 17, 7 miles to SR 19 (25,000 cars daily), 9 miles from Downtown Goshen, 15 miles from Downtown Mishawaka, and 20 miles from University of Notre Dame. Elkhart, IN is the RV Capital of the World and continues to thrive in the area of industry with Goshen, IN also being on a fast track of growth, as they prepare to build a 315 acre industrial park just southeast of the Elkhart County Fairgrounds to be completed by end of 2025. Zoned: Residential.

Property profile

Verified
Property type Commercial land
UPID US31-0134066

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Vacation Rental
  • Corporate Office

Location

22538 Pine Arbor Dr Elkhart, IN 46516
Elkhart metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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