Remodeled Flex
2901 Dexter Drive, Elkhart, IN 46514
For Sale
Contact for pricing
Remodeled space pairs climate-controlled office and training areas with a high-capacity service center.
Property Size53,000 SF
Lot Size4.80 Acres
Price / SF$84.91
Days on Market42
Property Features for 2901 Dexter Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Warehouse & Industrial
Office Build-Out
Dock-High Doors
Drive-In Doors
Column Spacing
Sprinkler System
Additional Details
Real Estate Included
Property Use
Amenities
Private Offices
Bullpen Cubicle Area
Conference Room
Training Room
Kitchenette
Building Details
Buildings
Building Size
Listing Agency:
NAI Cressy - Mishawaka
Listed By:
Ryan Gableman · License #IN RB14049453
(574) 264-2050
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 4:50PM
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 NAI Cressy - Mishawaka
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Investment Insights
Based on property information with market context.
This 53,000-square-foot flex facility occupies 4.8 acres and combines service space with 4,824 square feet of heated and air-conditioned offices and training areas. The office portion includes private offices, a cubicle area, a conference room with kitchenette, a training room, and multiple restrooms. Service-area features include floor drains, exhaust fans, LED lighting, air rotation heat, gas unit heaters, and a wet sprinkler system. Ceiling heights range from 13 feet 6 inches to 24 feet 5 inches. Four recessed docks and 24 grade-level overhead doors provide loading access; five exterior RV spaces have hookups. The property has municipal water and sewer and is zoned M-2 manufacturing.
On the north side of Elkhart near the Municipal Airport, the site offers routing to SR 19 and the US 20 Bypass. Its layout supports truck and RV circulation across the property.
On the north side of Elkhart near the Municipal Airport, the site offers routing to SR 19 and the US 20 Bypass. Its layout supports truck and RV circulation across the property.
Key Highlights
- 53,000 square feet on 4.8 acres
- 4,824 square feet of heated and air‑conditioned office and training space
- Four recessed docks and 24 grade‑level overhead doors, each 14 feet tall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$385,648
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,712,960
$7.7M
Cap Rate 7%
$5,509,257
$5.5M
Cap Rate 9%
$4,284,978
$4.3M
Market Conditions
NOI Build-Up for 53,000 SF
Gross rent
$502.4K $9.48/SF
− Vacancy
−$48.7K −$0.92/SF
EGI
$453.7K $8.56/SF
− OpEx
−$68.1K −$1.28/SF
NOI
$385.6K $7.28/SF
Area
Elkhart County, IN
Vacancy
9.70%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,712,960
Cap Rate 7%
$5,509,257
Cap Rate 9%
$4,284,978
Alternative Uses
Best Use
Retail
$9.72M
$8.50M – $11.34M
NOI $680,261 @ 7.0% cap · market cap 15.12%
Second Best
Warehouse
$5.51M
$4.82M – $6.43M
NOI $385,648 @ 7.0% cap · market cap 8.57%
Theoretical Best
Specialty Retail
$9.81M
$8.59M – $11.45M
NOI $686,880 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Dock-high doors
24
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46514, IN
42,048
Population
17,987
Households
2.3
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
38.7 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,784
Median Household Income
$40,909
Median Earnings
$1,084
Median Rent
$170,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Elkhart County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled space pairs climate-controlled office and training areas with a high-capacity service center.
Where is this flex space located?
The property is located at 2901 Dexter Drive Elkhart, IN.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 53,000 square feet on 4.8 acres; 4,824 square feet of heated and air‑conditioned office and training space; Four recessed docks and 24 grade‑level overhead doors, each 14 feet tall
