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Value-Add Retail Center for Sale
For Sale
$500,000

1104 W Bristol St, Elkhart, IN 46514

Two-building retail center on W Bristol Street with recently replaced roofs and available leasing space.

Property Size121,656 SF
Lot Size3.80 Acres
Price / SF$4.11
Days on Market91

Property Features for 1104 W Bristol St

General Information

Standard status Active
Size 121,656 SF
Lot size 3.80 Acres
Property subtype Shopping Strip
Occupancy 17%

Additional Details

Traffic Count 22,000 vehicles/day

Amenities

Auction - July 13-15, 2026 | Starting Bid: $500,000
82 Percent Vacancy — Immediate Lease-Up Upside: 49,265 Square Feet of Vacant Space Offers Investors the Ability to Dramatically Grow NOI from Day One
Approximately 60,000 Square Foot Two-Building Retail Center: Dual-Building Configuration across 3.8 Acres Provides Flexible Suite Mix from 517 to 12,167 Square Feet
New 2024 Roof with 20-Year Warranty In Place: Roof Replacement is Complete, Eliminating a Major Near-Term Capital Expense for the Incoming Buyer
22,000 Vehicles per Day Along W Bristol Street Corridor: Direct Frontage on a High-Traffic Main Corridor with Dense Residential Neighborhoods on all Sides
Located in Elkhart, the RV Capital of the World, Elkhart County produces the Vast Majority of U.S. RVs, Anchoring a Strong Industrial Workforce

Building Details

Building Size 121,656 SF
Year Built 1967
Tenancy Multi
Listing Agency: Orange County Office
Listed By: Mike Banwell · License #License(s): CA: 02045460
Source: Marcusmillichap
Added: Jun 9 Changed: Sep 4 Last Checked: Sep 7 at 5:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Orange County Office

Investment Insights

Based on property information with market context.

Shops at Bristol is a value-add retail center consisting of two separate buildings totaling approximately 60,000 square feet. The property is currently about 17% occupied by a mix of local tenants operating on month-to-month leases, with the remainder of the center vacant and available for new tenancy. The roofs were recently replaced in 2024, with roof warranty documentation available in the due diligence materials.

The property is located on 3.8 acres along W Bristol Street, described as a main corridor near downtown Elkhart. The site experiences approximately 22,000 vehicles per day, supporting visibility for retail and service uses. The immediate area is characterized as a dense residential and industrial/manufacturing area, with Elkhart noted in the offering as “RV Capital of the World,” including manufacturers, suppliers, and supporting businesses in the region.

For an investor or operator, the current layout and mix of occupied and vacant space can support a proactive leasing and property management strategy to stabilize and reposition the center. With roof replacements completed in 2024, prospective buyers can evaluate the remaining leasing opportunities within a two-building retail configuration on a high-traffic corridor.

Key Highlights

  • Two‑building retail center totaling approximately 60,000 SF on 3.8 acres along W Bristol Street in Elkhart, IN
  • Roofs were replaced in 2024, with roof warranty documentation available in the due diligence vault
  • Currently approximately 17% occupied by a mix of local tenants on month‑to‑month leases

Property Analytics

Current Use

Beacon Occupational Health ... Physician Dr. Christine M. ... Pediatrician

Suggested Use

Top Pick Law Firm HVAC Service Hair Salon Kitchen & Bath Showroom Garden Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,000 VPD
Traffic count
17%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

412
Businesses Nearby

Demographics for 46514, IN

42,048
Population
17,987
Households
2.3
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
38.7 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,784
Median Household Income
$40,909
Median Earnings
$1,084
Median Rent
$170,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Two-building retail center on W Bristol Street with recently replaced roofs and available leasing space.
Where is this strip mall located?
The property is located at 1104 W Bristol St 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: Two‑building retail center totaling approximately 60,000 SF on 3.8 acres along W Bristol Street in Elkhart, IN; Roofs were replaced in 2024, with roof warranty documentation available in the due diligence vault; Currently approximately 17% occupied by a mix of local tenants on month‑to‑month leases
More about this property
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