Development Opportunity on Pine
For Sale
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22538 Pine Arbor Dr, Elkhart, IN 46516
Approximately 11 acres with high traffic exposure in Elkhart.
Property SizeContact for details
Lot Size11.00 Acres
Days on Market1244
Property Features for 22538 Pine Arbor Dr
General Information
Standard status
Active
Lot size
11.00 Acres
Property subtype
Land
Zoning
R: Residential
Listing Agency:
Coldwell Banker Commercial Roth Wehrly Graber South Bend
Listed By:
John Piraccini · License #RB14045659
(574) 243-9522
Source:
Crexi
Added: May 12, 2023
Changed: Sep 25
Last Checked: Oct 5 at 4:56PM
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 Coldwell Banker Commercial Roth Wehrly Graber South Bend
Investment Insights
Based on property information with market context.
This property presents an excellent development opportunity on approximately 11 acres. It is located in front of the Arbor Lakes Apartments complex and offers 1,000 feet of visible exposure on Toledo Rd, which sees 9,000 cars daily, and 530 feet of frontage on Pine Arbor Dr. The property is situated just off of the U.S. 20 Bypass, with a traffic count of 24,000 cars daily, and CR 17, which sees 25,000 cars daily, according to INDOT Traffic Counts. Located in the Concord School District, the property's location allows for easy access to many parts of the region. The property is 2 miles from a large industrial area that includes businesses such as Thor Motor Coach, Siemens Healthcare, Godfrey Marine, Forest River, Lippert Components, Welch Packaging, and Carpenter Co. It is also 3.5 miles from U.S. Highway 33, which sees over 20,000 cars daily, 4 miles to Downtown Elkhart, 5.5 miles to the Indiana Toll Road Interchange at CR 17, 7 miles to SR 19, which sees 25,000 cars daily, 9 miles from Downtown Goshen, 15 miles from Downtown Mishawaka, and 20 miles from the University of Notre Dame. Elkhart, IN is the RV Capital of the World and continues to thrive in the area of industry with Goshen, IN also being on a fast track of growth, as they prepare to build a 315 acre industrial park just southeast of the Elkhart County Fairgrounds to be completed by end of 2025. The property is zoned residential.
Key Highlights
- Excellent development opportunity on approximately 11 acres.
- High traffic exposure: 1,000 ft visible on Toledo Rd.
- Strategic location near U.S. 20 Bypass and CR 17.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
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Business Placement
Demographics for 46516, IN
33,670
Population
14,137
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
17.5 sq mi
ZIP Area
1,924
Density / Sq Mi
$54,934
Median Household Income
$39,189
Median Earnings
$986
Median Rent
$150,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Approximately 11 acres with high traffic exposure in Elkhart.
Where is this commercial land located?
The property is located at 22538 Pine Arbor Dr Elkhart, IN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Excellent development opportunity on approximately 11 acres.; High traffic exposure: 1,000 ft visible on Toledo Rd.; Strategic location near U.S. 20 Bypass and CR 17.
