705 E County Road 6 Road, Elkhart, IN 46514
Fully leased restaurant building on a PUD-zoned site with substantial frontage on a heavily traveled corridor.
- Added:
- Jun 3, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 3:23 am
Property Features for 705 E County Road 6 Road
General Information
- Standard status
- Active
- Size
- 16,150 SF
- Lot size
- 3.42 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1988
Listing agent John Piraccini License #RB14045659
Listing office Coldwell Banker Commercial Roth Wehrly Graber South Bend (574) 277-8000
Listing date Jun 3, 2026
Source Crexi
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HighLights
- Fully leased 16,150 SF restaurant building on a PUD: Planned Unit Development–zoned site
- 3.42 acres with nearly 400 ft of frontage on heavily traveled CR 6 E (over 18,000 cars daily) just off SR 19 (over 20,000 cars daily)
- Year built: 1988
- Individually metered gas forced air heating, central A/C, 200‑amp electrical service, handicap accessible restrooms, and storage areas
- 3‑way liquor license included in the price (used by Margarita's Mexican Restaurant)
- Located 1 mile from the IN‑Toll Road interchange at IN‑19; 2 miles to Simonton Lake; 2.5 miles to Downtown Elkhart; 4 miles to IN‑17; 5.5 miles to US‑20 Bypass; 15.5 miles to University of Notre Dame
Overview
The site is located on heavily traveled County Road 6E with traffic counts over 18,000 cars daily, just off the corner with State Road 19 with traffic counts over 20,000 cars daily. It sits within a strong retail corridor, with access to major routes and local destinations, including the IN-19 interchange and Simonton Lake.
For tenants and operators, the property’s existing restaurant buildout and utilities support continued food service operations. For buyers, the PUD: Planned Unit Development zoning provides flexibility for a range of mixed-use development concepts while retaining income-producing occupancy in the current building.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $290.7k | $18.00 |
| − Vacancy | −$11.6k | −$0.72 |
| EGI | $279.1k | $17.28 |
| − OpEx | −$69.8k | −$4.32 |
| NOI | $209.3k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.989075
- Latitude
- 41.723979
