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    2811 Cassopolis St Elkhart, IN 46514

    Sponsored
    For Sale
    $775,000

    Profitable Gas Station, High Traffic Area

    Property size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prime commercial real estate opportunity presents a rare investment chance in Elkhart, Indiana. Located at 2811 Cassopolis St, this 1,200 square foot gas station sits on a 0.38-acre lot in a high-traffic area, boasting unparalleled visibility and accessibility. Situated along a busy Elkhart road, just south of the Toll Road, this property benefits from maximum exposure to high volumes of passing traffic, ensuring significant potential for any business venture. The property includes three gas pumps, with fuel tanks in good condition following an inspection in 2022. The building also features retail display space for dry goods, a cold drink display, and a soft drink dispenser. While the business has been closed since 2022, there are no environmental restrictions or EPA issues. Seller financing is available. This single-story building presents a strong investment opportunity for those seeking a well-located commercial property in a thriving area surrounded by hotels and restaurants. The property's location and existing infrastructure offer a solid foundation for a variety of business ventures.

    Property Features for 2811 Cassopolis St

    General Information

    Property type
    Automotive properties
    Square Feet
    1,200 SF
    Lot Size
    16,553 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $775,000 asking price for this retail gas station.
    • 1,200 square feet on a 0.38‑acre lot in Elkhart, Indiana.
    • Features three gas pumps and one single‑story building.
    • Located on a high‑traffic road in Elkhart, near the Toll Road, hotels, and restaurants.
    • Fuel tanks are in good condition (last inspected 2022); no environmental issues. Business closed since 2022. Seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Exxon Gas Station NEW FRIENDLY EXPRESS Gas Station ATM Key Bank Atm

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9734237
    Latitude
    41.7252285

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    FAQs

    What type of property is this?
    Automotive property - Profitable Gas Station, High Traffic Area
    Where is this automotive property located?
    The property is located at 2811 Cassopolis St Elkhart, IN.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: $775,000 asking price for this retail gas station.; 1,200 square feet on a 0.38-acre lot in Elkhart, Indiana.; Features three gas pumps and one single-story building.
    Request Owner's contact information
    2811 Cassopolis St Elkhart, IN 46514
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2811 Cassopolis St Elkhart, IN 46514
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