Automotive Shop with Service
1715 East Lincoln Avenue, Goshen, IN 46528
For Sale
Contact for pricing
B-3 Commercial zoning and a wash bay support the property's automotive configuration.
Property Size11,640 SF
Lot Size9.19 Acres
Price / SF$98.80
Days on Market56
Property Features for 1715 East Lincoln Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Utilities to Site
Additional Details
Car Wash Bays
Amenities
overhead doors
480v/3 phase power
Building Details
Buildings
Listing Agency:
Afton Keyser
Listed By:
Pete Letherman, SIOR, CCIM · License IN RB14026646
Source:
Crexi
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 10 at 6:33AM
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 Afton Keyser
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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 automotive property includes an 11,640-square-foot former garage on 9.19 acres. The building has one 12' x 16' overhead door and ten 14' x 16' overhead doors, along with a wash bay and 480V, 3-phase power. The site is zoned B-3 Commercial.
At 1715 East Lincoln Avenue in Goshen, the property has access to SR 15 and US 33 for travel to regional markets.
At 1715 East Lincoln Avenue in Goshen, the property has access to SR 15 and US 33 for travel to regional markets.
Key Highlights
- 9.19‑acre automotive property with an 11,640‑square‑foot building
- Overhead doors include one 12' x 16' door and ten 14' x 16' doors
- Wash bay and 480V/3‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,750
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,000
$1.4M
Cap Rate 7%
$996,429
$996.4K
Cap Rate 9%
$775,000
$775.0K
Market Conditions
NOI Build-Up for 11,640 SF
Gross rent
$110.3K $9.48/SF
− Vacancy
−$10.7K −$0.92/SF
EGI
$99.6K $8.56/SF
− OpEx
−$29.9K −$2.57/SF
NOI
$69.8K $5.99/SF
Area
Elkhart County, IN
Vacancy
9.70%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,000
Cap Rate 7%
$996,429
Cap Rate 9%
$775,000
Alternative Uses
Best Use
Retail
$2.13M
$1.87M – $2.49M
NOI $149,401 @ 7.0% cap · market cap 12.99%
Second Best
Industrial
$996.4K
$871.9K – $1.16M
NOI $69,750 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$2.16M
$1.89M – $2.51M
NOI $150,854 @ 7.0% cap · market cap 13.12%
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
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46528, IN
27,223
Population
8,495
Households
3.2
Avg Household Size
34
Median Age
25%
College-Educated
80%
High-School Grad
72.5 sq mi
ZIP Area
375
Density / Sq Mi
$77,620
Median Household Income
$40,539
Median Earnings
$1,056
Median Rent
$237,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Las Grullas — 814 E Jefferson St, Goshen, IN 46528
- Graber's Garage — 1927 E Monroe St, Goshen, IN 46528
- Eagle Tire — 706 Logan St, Goshen, IN 46528
- BMS Automotive Specialists — 708 Logan St, Goshen, IN 46528
- Drive Diagnostics — 702 Logan St, Goshen, IN 46528
Frequently Asked Questions
What type of property is this?
Auto shop - B-3 Commercial zoning and a wash bay support the property's automotive configuration.
Where is this auto shop located?
The property is located at 1715 East Lincoln Avenue Goshen, IN.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 9.19‑acre automotive property with an 11,640‑square‑foot building; Overhead doors include one 12' x 16' door and ten 14' x 16' doors; Wash bay and 480V/3‑phase power
