Building Details

Year built 1985

Flooring type Tile, Concrete

Roof type Metal

Listing Agency: McKinnies Realty, LLC Elkhart Show Phone

Listed By: Kavita Patel · License #RB22002108 Show Phone

Added: Aug 12 Changed: Sep 12 Last Checked: Oct 6 at 6:06PM

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MLS# 202632859

Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This automotive property includes a commercial building, site improvements, fixtures, equipment, and the operating LLC associated with the dealership business. The 0.39-acre site includes parking and frontage along Lincolnway West. Building features include central air, tile and concrete flooring, and a metal roof; construction dates to 1985.

The property is located at 508 Lincolnway W in Osceola, Indiana, with access to the surrounding South Bend, Mishawaka, and Elkhart markets, as well as the Indiana Toll Road. Vehicle inventory is excluded from the offering but may be addressed separately. Zoning, measurements, taxes, and permitted uses require independent verification.

Key Highlights

• Automotive dealership business, commercial real estate, fixtures, equipment, and operating LLC included
• 0.39‑acre commercial site at 508 Lincolnway W, Osceola, IN 46561
• Building constructed in 1985 with central air cooling

Property Analytics

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Current Use

Meraj Motors Car Dealership

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Restaurant Pharmacy Auto Parts 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.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

178

Businesses Nearby

15k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 90% Dining 10%

Dollar General Shops & Services

7,490 visits/mo 0.3 miles

Phillips 66 Shops & Services

5,742 visits/mo 0.3 miles

SUBWAY Dining

1,554 visits/mo 0.3 miles

Red Dot Storage Shops & Services

484 visits/mo 0.3 miles

Demographics for 46561, IN

14,155

Population

5,580

Households

2.5

Avg Household Size

38

Median Age

26%

College-Educated

92%

High-School Grad

13.6 sq mi

ZIP Area

1,041

Density / Sq Mi

$83,520

Median Household Income

$43,107

Median Earnings

$1,137

Median Rent

$208,200

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

Questions? Ask Rey

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What type of property is this? Where is this automotive properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Automotive property - The offering combines an established dealership operation with its building, site improvements, fixtures, and operating LLC.

Where is this automotive property located?

The property is located at 508 Lincolnway W Osceola, IN.

What is the asking price?

The asking price for this property is $630,000.

What are key features of this property?

This property features: Automotive dealership business, commercial real estate, fixtures, equipment, and operating LLC included; 0.39‑acre commercial site at 508 Lincolnway W, Osceola, IN 46561; Building constructed in 1985 with central air cooling