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Elkhart Retail Opportunity on Nappanee
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3614 S Nappanee St, Elkhart, IN 46517

High-visibility retail space in established Elkhart shopping center.

Property Size20,000 SF
Price / SF$90
Days on Market180

Property Features for 3614 S Nappanee St

General Information

Standard status Active
Size 20,000 SF
Class C
Property subtype Retail

Building Details

Buildings 1
Stories 1
Listing Agency: McKinnies Realty
Listed By: Arpita Shah · License #RB20001564
Source: Crexi
Added: Feb 12 Changed: Aug 8 Last Checked: Aug 8 at 6:36AM

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 McKinnies Realty

Investment Insights

Based on property information with market context.

Southgate Plaza is located on S Nappanee Street, a heavily traveled commercial corridor in Elkhart. The shopping center offers visibility, strong traffic counts, and access for consumers. The property is located within a dense retail trade area near national retailers, restaurants, service providers, and residential neighborhoods. Ample on-site parking and multiple points of ingress and egress ensure ease of access. Southgate Plaza is suitable for retail, medical, office, or service-oriented tenants seeking frontage, consistent daily traffic, and a central location within Elkhart’s primary retail hub. The center’s positioning along a major thoroughfare provides signage opportunities and long-term growth potential. The property size is 20000 square feet. The location on S Nappanee Street provides high visibility and easy access to surrounding residential neighborhoods. There are a couple of renters already in place, generating a rental income of $3674 from two units, while others are currently empty.

Key Highlights

  • High‑visibility location on S Nappanee Street in a heavily traveled commercial corridor.
  • Strong daily traffic counts ensuring consistent customer flow.
  • Existing rental income of $3674 from two units.

Property Analytics

Current Use

American Limb & Orthopedic ... Orthotics & Prosthetics Service Braun's Financial Services Bank South Gate Plaza Business Park Word of Faith Happy ... Church

Suggested Use

Top Pick HVAC Service Law Firm Garden Center Spa & Massage Center Nail Salon Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

102
Businesses Nearby
Balanced
Demand for This Use

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - High-visibility retail space in established Elkhart shopping center.
Where is this shopping center located?
The property is located at 3614 S Nappanee St Elkhart, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: High‑visibility location on S Nappanee Street in a heavily traveled commercial corridor.; Strong daily traffic counts ensuring consistent customer flow.; Existing rental income of $3674 from two units.
(574) 271-3440 Call to check price and availability
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