Elkhart Freestanding Retail/Restaurant
1248 N Nappanee St, Elkhart, IN 46514
Vacant 3,364 SF building on 0.94 acres in Elkhart, IN.
Type:Retail
Property size:
3,364 SFLot size:
0.94 AcresPrice / SF:
$22/SF- Added:
- Jan 25, 2026
- Days on Market:
- 107
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1248 N Nappanee St
General Information
- Standard status
- Active
- Size
- 3,364 SF
- Lot size
- 0.94 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agent Philip Kates License #FL 3235872
Listing office Marcus & Millichap - Fort Lauderdale
Listing date Jan 25, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Lauderdale
HighLights
- Offered significantly below replacement cost, presenting an exceptional opportunity for owner‑users or investors.
- High visibility location on Nappanee Street with approximately 23,851 vehicles per day (VPD).
- Existing restaurant infrastructure allows for immediate reuse, with potential for retail repositioning or redevelopment.
- Zoned B‑3 (Service Business District), accommodating a wide range of retail, service, and commercial uses.
- Located in a dense retail corridor surrounded by national and regional retailers and QSRs, driving consistent consumer traffic.
- Strong demographics with a large residential base and solid average household income in the surrounding 3 and 5‑mile trade areas.
Overview
Located at 1248 N Nappanee Street in Elkhart, Indiana, this vacant, freestanding building offers approximately 3,364 square feet of space on a 0.94-acre parcel. Constructed in 1996, the single-story building formerly housed a Fazoli’s Restaurant. The property is positioned on an outlot parcel within a neighborhood retail plaza, featuring ample surface parking and pylon signage. It benefits from frontage on North Nappanee Street, which sees approximately 23,851 vehicles per day. The existing restaurant infrastructure allows for immediate reuse, while the zoning and visibility make it suitable for retail repositioning or full redevelopment. Previously leased on a triple net basis, the property presents a value-add opportunity to re-lease at market rents. Zoned B-3 (Service Business District), the site accommodates a wide range of retail, service, and commercial uses. The property is located in a dense retail corridor near Subway, Wendy’s, Chick-fil-A, Papa John’s, Lowe’s, Aldi, Walmart, Meijer, Dollar General, and CVS. Additional demand drivers include Elkhart Airport, Elkhart High School, Axiom RV Plant 5, and Davita. The surrounding 3-mile trade area has approximately 48,854 residents with an average household income of about $63,331, while the 5-mile trade area expands to approximately 102,885 residents with an average household income of about $71,576. The site offers freeway access via I-90 less than 3.5 miles away. Elkhart is a key commercial hub in northern Indiana’s Michiana region, with access to major highways including I-80/I-90 and U.S. Highways 20 and 33. The economy is anchored by the recreational vehicle and manufactured housing industry, along with strong manufacturing, logistics, and transportation sectors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Fazoli's
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -86.004852
- Latitude
- 41.677324
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Vacant 3,364 SF building on 0.94 acres in Elkhart, IN.
Where is this conventional restaurant located?
The property is located at 1248 N Nappanee St Elkhart, IN.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Offered significantly below replacement cost, presenting an exceptional opportunity for owner‑users or investors.; High visibility location on Nappanee Street with approximately 23,851 vehicles per day (VPD).; Existing restaurant infrastructure allows for immediate reuse, with potential for retail repositioning or redevelopment.
