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    1814 Leer Dr Elkhart, IN 46514

    For Sale
    $1,285,000

    22,100 SF Flex Space, $1.285M

    Property size:
    22,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 22,100-square-foot flex building, situated on a 2.21-acre lot in Elkhart, Indiana's Park 6 Industrial Park, presents a compelling investment opportunity. Built in 1987 and zoned M-1 PUD, the property boasts clear-span construction with impressive ceiling heights ranging from 18 feet at the eaves to 22 feet at the peak. The building offers a versatile layout, ideal for a variety of uses. The first floor comprises approximately 6,793 square feet of lab/production space, 2,352 square feet of office space, and 5,365 square feet of warehouse space, including an 850-square-foot attached lean-to with approximately 10.5-foot clear height. The second floor adds another 4,207 square feet of lab/production space and 2,645 square feet of office space. A significant portion of the office and lab/production areas can be easily removed to create expansive high-bay space, providing maximum flexibility for future tenants. Conveniently located off CR 6, between CR 11 and CR 13, this property benefits from its proximity to Elkhart's thriving industrial sector, particularly the RV manufacturing industry, as well as nearby amenities such as restaurants, parks, and retail establishments. The asking price is $1,285,000. This property offers a unique blend of functionality and location, making it an attractive investment prospect.

    Property Features for 1814 Leer Dr

    General Information

    Property type
    Flex space
    Square Feet
    22,100 SF
    Lot Size
    96,268 SF

    Building Details

    Year Built
    1987
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EKF Life Sciences Manufacturer

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.952074
    Latitude
    41.727494

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    FAQs

    What type of property is this?
    Flex space - 22,100 SF Flex Space, $1.285M
    Where is this flex space located?
    The property is located at 1814 Leer Dr Elkhart, IN.
    What is the asking price?
    The asking price for this property is $1,285,000.
    Request Owner's contact information
    1814 Leer Dr 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
    1814 Leer Dr Elkhart, IN 46514
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