Overview
Elkhart Freestanding Retail/Restaurant Building
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.
