Building Details

Year Built 1971

Buildings 4

Stories 1

Tenancy Single

Listing Agency: CBRE - Orange County

Listed By: Anthony Delorenzo · License #CA 01706686 Show Phone

Source: Crexi

Added: Apr 24 Changed: Oct 3 Last Checked: Oct 16 at 9:19AM

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Investment Insights

Based on property information with market context.

This manufacturing property is located at 502 S Oakland Ave in Nappanee, Indiana. The property is identified within the greater Elkhart industrial market, which includes approximately 86.2 million square feet of inventory.

Market conditions cited for specialized manufacturing assets include 3.0% vacancy as of Q4 2025, with no new product under construction at that time. Average annual rent growth in the market was reported at 5.6% over the preceding five years.

Key Highlights

• 502 S Oakland Ave, Nappanee, IN 46550
• Part of the greater Elkhart industrial market
• Greater Elkhart market includes approximately 86.2 M SF of inventory

Property Analytics

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Current Use

Hoosier Transit Compliance Trucking Company Greyhound bus inc Logistics Company Ameritrans Bus Industrial Manufacturer Fairmont Park Trailers Hotel & Motel US Rod Manufacturing Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Gym & Fitness Center Kitchen & Bath Showroom

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

126

Businesses Nearby

Explore this area Business Placement

Demographics for 46550, IN

12,679

Population

4,656

Households

2.7

Avg Household Size

32

Median Age

9%

College-Educated

72%

High-School Grad

71.6 sq mi

ZIP Area

177

Density / Sq Mi

$80,403

Median Household Income

$42,843

Median Earnings

$867

Median Rent

$232,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Two-Story Mixed-Use Building

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Located in Nappanee, Indiana, within the greater Elkhart industrial market.

Where is this manufacturing property located?

The property is located at 502 S Oakland Ave Nappanee, IN.

What is the asking price?

The asking price for this property is $8,655,000.

What are key features of this property?

This property features: 502 S Oakland Ave, Nappanee, IN 46550; Part of the greater Elkhart industrial market; Greater Elkhart market includes approximately 86.2 M SF of inventory