Elkhart Retail Space For
For Sale
Contact for pricing
3365 S Main St, Elkhart, IN 46517
Retail space with high visibility on Main Street and US 20.
Property Size3,482 SF
Price / SF$371.91
Days on Market1714
Property Features for 3365 S Main St
General Information
Standard status
Active
Size
3,482 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
1996
Listing Agency:
Bradley Company Elkhart
Listed By:
Therese Geise · License #IN SP39402322
(574) 849-5002
Source:
Crexi
Added: Feb 2, 2022
Changed: Oct 1
Last Checked: Oct 12 at 8:04PM
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 Bradley Company Elkhart
Investment Insights
Based on property information with market context.
This 3,482-square-foot retail space benefits from visibility on both Main Street and the US 20 Bypass. Access is available on Shaffer, south of the US 20 Bypass and north of the Concord Mall shopping area.
Key Highlights
- Visibility via both Main Street and US 20 Bypass
- Access on Shaffer
- Located South of the US 20 Bypass
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,692
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,840
$893.8K
Cap Rate 7%
$638,457
$638.5K
Cap Rate 9%
$496,578
$496.6K
Market Conditions
NOI Build-Up for 3,482 SF
Gross rent
$66.4K $19.08/SF
− Vacancy
−$2.6K −$0.74/SF
EGI
$63.8K $18.34/SF
− OpEx
−$19.2K −$5.50/SF
NOI
$44.7K $12.84/SF
Area
Elkhart County, IN
Vacancy
3.90%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,840
Cap Rate 7%
$638,457
Cap Rate 9%
$496,578
Alternative Uses
Best Use
Retail
$638.5K
$558.7K – $744.9K
NOI $44,692 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$644.7K
$564.1K – $752.1K
NOI $45,127 @ 7.0% cap · market cap 3.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Apparel 28%
Electronics 14%
Taco Bell
Dining
7,419 visits/mo
0.1 miles
Play It Again Sports
Apparel
3,492 visits/mo
0.2 miles
ABC Warehouse
Electronics
1,748 visits/mo
0.4 miles
Demographics for 46517, IN
24,006
Population
9,915
Households
2.4
Avg Household Size
36
Median Age
15%
College-Educated
81%
High-School Grad
36.9 sq mi
ZIP Area
651
Density / Sq Mi
$53,263
Median Household Income
$34,649
Median Earnings
$942
Median Rent
$168,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high visibility on Main Street and US 20.
Where is this retail space located?
The property is located at 3365 S Main St Elkhart, IN.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Visibility via both Main Street and US 20 Bypass; Access on Shaffer; Located South of the US 20 Bypass
