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Elkhart Redevelopment Site Available

290 W Hively Ave, Elkhart, IN

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For Sale

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Redevelopment site at signalized corner in Elkhart, Indiana.

Type:RETAIL

Property size:

3,187 SF

Lot size:

0.49 Acres

Price / SF:

$156/SF

HighLights

Redevelopment site at a signalized corner of Hively & Benham.
Located within the City of Elkhart Redevelopment Commission's plan to redevelop the Woodland Crossing Shopping Mall into a mixed‑use development.
Proposed development includes 140 residential units, $6.25M infrastructure investment, and 200,000 SF of improved commercial space.
Existing national retailers Kroger & CVS are long established in the area.
Potential for expansion to the north & east depending on proposed use.
High traffic counts: Benham - 6,194 AADT, Hively - 8,325 AADT.

We can help!

Listing Contact

Brent C. Miller

For Sale

Contact for pricing

Redevelopment site at signalized corner in Elkhart, Indiana.

Type:RETAIL

Property size:

3,187 SF

Lot size:

0.49 Acres

Price / SF:

$156/SF

Added:: Nov 25, 2025
Days on Market:: 200
Last Refresh:: Apr 5 at 10:31 pm

Property Features for 290 W Hively Ave

General Information

Standard status: Active
Size: 3,187 SF
Lot size: 0.49 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Brent C. Miller

Listing agent Brent C. Miller License #RB14043621

Listing office Endeavour Commercial

Listing date Nov 25, 2025

Source Moodyscre

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 Endeavour Commercial

HighLights

Redevelopment site at a signalized corner of Hively & Benham.
Located within the City of Elkhart Redevelopment Commission's plan to redevelop the Woodland Crossing Shopping Mall into a mixed‑use development.
Proposed development includes 140 residential units, $6.25M infrastructure investment, and 200,000 SF of improved commercial space.
Existing national retailers Kroger & CVS are long established in the area.
Potential for expansion to the north & east depending on proposed use.
High traffic counts: Benham - 6,194 AADT, Hively - 8,325 AADT.

Overview

A redevelopment site is available at the signalized corner of Hively Avenue and Benham Avenue in Elkhart, Indiana. The City of Elkhart Redevelopment Commission is planning on redeveloping the Woodland Crossing Shopping Mall into a mixed-use development. The planned development includes a proposed 140 residential units, a $6.25 million infrastructure investment, and 200,000 square feet of improved commercial space. Existing national and regional retailers, including Kroger and CVS, are long-established in the area. The site has the potential to be expanded to the north and east, depending upon the proposed use. Use restrictions are in place for fuel sales, pharmacy, and grocery, among others. Many other uses remain available, such as office, quick-service restaurants, and community service users. The 2024 Annual Average Daily Traffic counts are 6,194 on Benham Avenue and 8,325 on Hively Avenue. The property size is 3,187 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$60.8k	$19.08
− Vacancy	−$2.4k	−$0.74
EGI	$58.4k	$18.34
− OpEx	−$17.5k	−$5.50
NOI	$40.9k	$12.84

3,187 SF · lease $19.08/SF/yr · vacancy 3.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$584.4K

$511.3K – $681.8K (±1% cap)

NOI $40,906 @ 7.0% cap · market cap 8.18%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$590.1K

$516.3K – $688.4K (±1% cap)

NOI $41,304 @ 7.0% cap · market cap 8.26%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

MoneyGram Bank JB Express Mart Grocery & Convenience Store Bitcoin Depot | Bitcoin ... Atm Bitcoin Depot ATM Atm

Suggested Use

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Location Insight

Map
Local Demand

City: Elkhart
County: Elkhart
State: Indiana
Longitude: -85.9724
Latitude: 41.6595

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For sale
Shopping centers
IN
Elkhart
290 W Hively Ave

What type of property is this?

Shopping center - Redevelopment site at signalized corner in Elkhart, Indiana.

Where is this shopping center located?

The property is located at 290 W Hively Ave Elkhart, IN.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Redevelopment site at a signalized corner of Hively & Benham.; Located within the City of Elkhart Redevelopment Commission's plan to redevelop the Woodland Crossing Shopping Mall into a mixed‑use development.; Proposed development includes **140 residential units, $6.25M infrastructure investment, and 200,000 SF of improved commercial space.**

290 W Hively Ave, Elkhart, IN

Redevelopment site at signalized corner in Elkhart, Indiana.

Property Features for 290 W Hively Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Elkhart Mixed-Use Manufacturing Building

Elkhart Downtown Investment Opportunity

Versatile Commercial Property in Elkhart

Elkhart Office/Medical/Dental Opportunity

Elkhart Manufacturing Facility For Sale

Elkhart Bed & Breakfast Opportunity

Updated Duplex with New Roof

Elkhart Multifamily Investment Opportunity

Well-Maintained Office Units

Updated Duplex in Concord Schools

Turnkey Single-Family Income Retreat

Flex Space Building with Finished Units

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