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    500 Nappanee St Elkhart, IN 46514

    For Lease
    $9 SF/Yr ($15,000 /Mo)

    Prime Elkhart Office Space Available

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This two-story, 20,000 square foot Class C office building, located at 500 N Nappanee St, Elkhart, IN 46514, offers multiple tenancy options. Built in 1973, the property sits on a 1.96-acre lot and is zoned commercial (APN: 20-06-06-151-048.000-012). Currently, 4,116 square feet of space is vacant, divisible into units as small as 808 square feet, with a maximum contiguous space of 2,351 square feet. Three spaces are currently available, ranging in size from 100 to 3,366 square feet. The building features a traditional office layout and is situated in a dynamic Elkhart location, benefiting from ongoing revitalization projects in the downtown area. This presents a unique opportunity for businesses seeking flexible and conveniently located office space in a growing community. The property's single building structure offers ease of access and management. Interested parties should inquire about available space and lease terms.

    Property Features for 500 Nappanee St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Class
    C
    Total Rate
    15000

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 4A-S
    Size
    2,351 SF
    Rate per SF
    $9
    Space
    Suite 5A
    Size
    808 SF
    Rate per SF
    $9
    Space
    Suite 4A
    Size
    3,366 SF
    Rate per SF
    $9

    HighLights

    • Freshly painted exterior and professionally landscaped.
    • Single and private suites available, ranging from 100 to 3,336 square feet.
    • Ideal for professional offices or medical use.
    • West Elkhart location.
    • 2024 operating expenses: $6.61/SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Susanne W. Graham, ... Doctor Brianna E. Yoder, ... Doctor Borem Nicole Physical Therapist Tanya Carter, Crna Doctor Herman Thaddeus Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -86.00357063
    Latitude
    41.6895536

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Elkhart Office Space Available
    Where is this office property / space located?
    The property is located at 500 Nappanee St Elkhart, IN.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Freshly painted exterior and professionally landscaped.; Single and private suites available, ranging from 100 to 3,336 square feet.; Ideal for professional offices or medical use.
    Request Owner's contact information
    500 Nappanee 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
    500 Nappanee St Elkhart, IN 46514
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