Which Wich? Restaurant
5230 Beck Drive Suite 2C, Elkhart, IN 46516
For Sale
Contact for pricing
The business sale includes the existing lease assumption and personal property within the premises.
Property Size1,370 SF
Price / SF$218.98
Days on Market8
Property Features for 5230 Beck Drive Suite 2C
General Information
Standard status
Size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Business Included
Listing Agency:
NAI Cressy - Mishawaka
Listed By:
Fares Farhan · License #RB25001540
(574) 217-1405
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 2:43PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering is an operating Which Wich? restaurant business in a 1,370-square-foot suite at Pine Creek Plaza. The transaction includes the business, personal property located in the premises, and assumption of the current lease. The property is at 5230 Beck Drive, Suite 2C, in Elkhart, Indiana.
Key Highlights
- Sale includes the Which Wich? restaurant business
- 1,370‑square‑foot restaurant suite
- Buyer assumes the current lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,755
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,100
$355.1K
Cap Rate 7%
$253,643
$253.6K
Cap Rate 9%
$197,278
$197.3K
Market Conditions
NOI Build-Up for 1,370 SF
Gross rent
$24.7K $18.00/SF
− Vacancy
−$986 −$0.72/SF
EGI
$23.7K $17.28/SF
− OpEx
−$5.9K −$4.32/SF
NOI
$17.8K $12.96/SF
Area
Elkhart County, IN
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,100
Cap Rate 7%
$253,643
Cap Rate 9%
$197,278
Alternative Uses
Best Use
Specialty Retail
$253.6K
$221.9K – $295.9K
NOI $17,755 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
40k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
Taco Bell
Dining
13,304 visits/mo
0.3 miles
Arby's
Dining
9,768 visits/mo
0.3 miles
Mobil
Shops & Services
9,367 visits/mo
0.4 miles
7-Eleven
Shops & Services
5,916 visits/mo
0.4 miles
China Star
Dining
1,465 visits/mo
0.4 miles
Demographics for 46516, IN
33,670
Population
14,137
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
17.5 sq mi
ZIP Area
1,924
Density / Sq Mi
$54,934
Median Household Income
$39,189
Median Earnings
$986
Median Rent
$150,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The business sale includes the existing lease assumption and personal property within the premises.
Where is this conventional restaurant located?
The property is located at 5230 Beck Drive Suite 2C Elkhart, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Sale includes the Which Wich? restaurant business; 1,370‑square‑foot restaurant suite; Buyer assumes the current lease
