Elkhart Redevelopment Site
290 W Hively Ave Elkhart, IN
290 W Hively Ave, Elkhart, IN, 00000
Contact for pricing
For Sale
Contact for pricing
Redevelopment site at signalized corner in Elkhart, Indiana.
Property Size3,187 SF
Lot Size0.49 Acres
Price / SF$156.89
Days on Market238
Property Features for 290 W Hively Ave
General Information
- Standard status
- Active
- Size
- 3,187 SF
- Lot size
- 0.49 Acres
- Property subtype
- RETAIL
Listing agency
Endeavour Commercial
(574) 536-4438
Listed by
Brent C. Miller · License #RB14043621
(574) 536-4438
Source
Moodyscre
Added: Nov 25, 2025 Updated: Jul 6 at 9:19AM Checked: Jul 20 at 3:58AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Retail
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 | $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
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
NOI $41,304 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar For Sale Nearby
Similar Off Market Nearby
- BMV Connect Kiosk — 130 W Hively Ave, Elkhart, IN 46517
- Woodland Crossing — 154 W Hively Ave, Elkhart, IN 46517
- Coinstar Kiosk | Bitcoin ATM — Kroger - Central, 130 W Hively Ave, Elkhart, IN 46517
FAQs
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.**
