Multi-Tenant Commercial Building with
For Sale
Contact for pricing
1021 E Kercher Rd, Goshen, IN 46526
Condominium-style multi-tenant building with flexible suites and a drive-through food-services end.
Property Size12,000 SF
Price / SF$150
Days on Market1108
Property Features for 1021 E Kercher Rd
General Information
Standard status
Active
Size
12,000 SF
Property subtype
OFFICE
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Results
(260) 490-1590
Listed By:
Steve Miller · License #CO88900013
(574) 238-1436
Source:
Moodyscre
Added: Oct 17, 2023
Changed: Oct 26
Last Checked: Oct 26 at 7:26PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
Aesthetically pleasing, condominium-style multi-tenant commercial building designed for suite ownership or leasing. The property offers versatile space that can be tailored to accommodate units of 2,400 square feet or more, making it suitable for a range of uses including office or retail.
The west end is designed for food services and includes a drive-through, while the east end is leased to a popular barbecue restaurant. The property is positioned in a high-traffic area near an industrial park and residential communities, and it is adjacent to a proposed new subdivision with 1,400 homes.
The west end is designed for food services and includes a drive-through, while the east end is leased to a popular barbecue restaurant. The property is positioned in a high-traffic area near an industrial park and residential communities, and it is adjacent to a proposed new subdivision with 1,400 homes.
Key Highlights
- Condominium‑style multi‑tenant building with flexible suite options for owning or leasing
- Suites can be configured for 2,400 SF or more
- West end designed for food services and includes a drive‑through
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,520
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,110,400
$3.1M
Cap Rate 7%
$2,221,714
$2.2M
Cap Rate 9%
$1,728,000
$1.7M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$216.0K $18.00/SF
− Vacancy
−$8.6K −$0.72/SF
EGI
$207.4K $17.28/SF
− OpEx
−$51.8K −$4.32/SF
NOI
$155.5K $12.96/SF
Area
Elkhart County, IN
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,110,400
Cap Rate 7%
$2,221,714
Cap Rate 9%
$1,728,000
Alternative Uses
Best Use
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,520 @ 7.0% cap · market cap 8.64%
Second Best
Office B
$1.77M
$1.55M – $2.07M
NOI $123,948 @ 7.0% cap · market cap 6.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 46526, IN
33,170
Population
12,570
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
82%
High-School Grad
67.1 sq mi
ZIP Area
494
Density / Sq Mi
$65,864
Median Household Income
$36,446
Median Earnings
$1,061
Median Rent
$192,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Condominium-style multi-tenant building with flexible suites and a drive-through food-services end.
Where is this office unit located?
The property is located at 1021 E Kercher Rd Goshen, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Condominium‑style multi‑tenant building with flexible suite options for owning or leasing; Suites can be configured for 2,400 SF or more; West end designed for food services and includes a drive‑through
