Flex Warehouse with
2111 Cassopolis St Elkhart, IN 46514
2111 Cassopolis St, Elkhart, IN, 46514
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For Sale
Contact for pricing
Flex warehouse with climate-controlled storage, dedicated office/showroom space, and overhead roll-up door access.
Property Size4,330 SF
Price / SF$85.45
Days on Market119
Property Features for 2111 Cassopolis St
General Information
- Standard status
- Active
- Size
- 4,330 SF
- Property subtype
- Mixed Use, Office, Retail, Special Purpose
Listing agency
McKinnies Realty
(574) 271-3440
Listed by
Arpita Shah · License #RB20001564
Source
Crexi
Added: Mar 25 Updated: Jul 20 at 7:19PM Checked: Jul 20 at 7:19PM
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 McKinnies Realty
Investment Insights
Based on property information with market context.
This commercial flex property includes approximately 925 sq ft of office/showroom space and 3,405 sq ft of attached, climate-controlled warehouse area. A partially finished basement provides additional storage flexibility. Built in 1999, the warehouse is served by separate gas heating and cooling systems and includes 3-phase electric service and an overhead roll-up door for larger vehicle access.
The property is located along a busy roadway with convenient access and strong visibility. It is served by a private well with available connection to city water, and an upgraded 6-inch sewer line is in place. Shared driveway access is provided, with paved parking in both the front and rear.
An additional 0.67-acre parcel is included to the west (Parcel #: 20-02-29-403-004.000-026), offering flexibility for expansion or additional investment uses.
The property is located along a busy roadway with convenient access and strong visibility. It is served by a private well with available connection to city water, and an upgraded 6-inch sewer line is in place. Shared driveway access is provided, with paved parking in both the front and rear.
An additional 0.67-acre parcel is included to the west (Parcel #: 20-02-29-403-004.000-026), offering flexibility for expansion or additional investment uses.
Key Highlights
- Approx. 4,330 SF total building area with 925 SF office/showroom and 3,405 SF attached climate‑controlled warehouse.
- Warehouse has separate gas heating and cooling, plus 3‑phase electric service for operational capacity.
- Overhead roll‑up door provides vehicle access to the climate‑controlled warehouse space.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $9.48 |
| − Vacancy | −$4.0k | −$0.92 |
| EGI | $37.1k | $8.56 |
| − OpEx | −$5.6k | −$1.28 |
| NOI | $31.5k | $7.28 |
4,330 SF · lease $9.48/SF/yr · vacancy 9.70% · expense 15.00%
Alternative Uses
Best Use
Retail
$793.9K
$694.7K – $926.3K
NOI $55,576 @ 7.0% cap · market cap 15.02%
Second Best
Office B
$638.9K
$559.1K – $745.4K
NOI $44,725 @ 7.0% cap · market cap 12.09%
Theoretical Best
Specialty Retail
$801.7K
$701.5K – $935.3K
NOI $56,117 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Printers Plus
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex warehouse with climate-controlled storage, dedicated office/showroom space, and overhead roll-up door access.
Where is this flex space located?
The property is located at 2111 Cassopolis St Elkhart, IN.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Approx. 4,330 SF total building area with 925 SF office/showroom and 3,405 SF attached climate‑controlled warehouse.; Warehouse has separate gas heating and cooling, plus 3‑phase electric service for operational capacity.; Overhead roll‑up door provides vehicle access to the climate‑controlled warehouse space.
