Office Space with Street
For Sale
Contact for pricing
1620 Cassopolis Street, Elkhart, IN 46514
The compact footprint suits a range of small business operations, including agency and design firms.
Property Size1,375 SF
Price / SF$13.09
Days on Market10
Property Features for 1620 Cassopolis Street
General Information
Standard status
Active
Size
1,375 SF
Property subtype
Commercial
Building Details
Year Built
1971
Listing Agency:
Berkshire Hathaway HomeServices Elkhart
Listed By:
Lori Snyder · License #RB14022203
(574) 849-5886
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:14PM
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 Berkshire Hathaway HomeServices Elkhart
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office space contains 1,375 square feet and was built in 1971. Prominent signage is available on Cassopolis Street, with assistance for a new sign also offered.
The property is at 1620 Cassopolis Street in Elkhart, Indiana, on a corridor described as carrying heavy traffic. Potential uses identified include insurance, real estate, shipping, design, and marketing businesses.
The property is at 1620 Cassopolis Street in Elkhart, Indiana, on a corridor described as carrying heavy traffic. Potential uses identified include insurance, real estate, shipping, design, and marketing businesses.
Key Highlights
- 1,375‑square‑foot office space
- Built in 1971
- Street‑facing signage on Cassopolis Street; assistance with a new sign is offered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,202
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,040
$284.0K
Cap Rate 7%
$202,886
$202.9K
Cap Rate 9%
$157,800
$157.8K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$25.9K $18.84/SF
− Vacancy
−$7.0K −$5.07/SF
EGI
$18.9K $13.77/SF
− OpEx
−$4.7K −$3.44/SF
NOI
$14.2K $10.33/SF
Area
Elkhart County, IN
Vacancy
26.90%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,040
Cap Rate 7%
$202,886
Cap Rate 9%
$157,800
Alternative Uses
Best Use
Office B
$202.9K
$177.5K – $236.7K
NOI $14,202 @ 7.0% cap · market cap 78.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 99.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Office space - The compact footprint suits a range of small business operations, including agency and design firms.
Where is this office space located?
The property is located at 1620 Cassopolis Street Elkhart, IN.
What are key features of this property?
This property features: 1,375‑square‑foot office space; Built in 1971; Street‑facing signage on Cassopolis Street; assistance with a new sign is offered
