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    24 Co Rd Elkhart, IN 46517

    For Sale
    $895,000

    High-traffic location, development ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 2.3-acre commercial land parcel in Elkhart, Indiana, presents a prime development opportunity. Located on heavily trafficked State Road 19 (20,000 cars daily, per INDOT), this outlot boasts approximately 275 feet of frontage, ensuring exceptional visibility. Recently annexed into the City of Elkhart, the property is zoned B-2: Community Business District with Drive-Thru, allowing for a wide range of commercial uses. Its strategic location offers fantastic proximity to US 20 Bypass (less than ¾ mile), Lincoln Highway/IN-933 (under 2 miles), and Downtown Elkhart (3.5 miles). A newly constructed Casey's General Store sits at the corner of SR 19 and County Road 24, further enhancing the area's commercial appeal. The asking price is $895,000, translating to $364,782.60 per acre. Adjacent land is also available for potential expansion. This property offers significant potential for investors seeking high-visibility commercial development in a thriving Elkhart location. The address is Co Rd 24, Elkhart, IN 46517.

    Property Features for 24 Co Rd

    General Information

    Property type
    Land
    Lot Size
    100,188 SF

    HighLights

    • Recently annexed into the City of Elkhart.
    • 275 feet of frontage on SR 19 (20,000 VPD).
    • B‑2 Community Business District zoning, allowing drive‑thrus.
    • Adjacent to a newly constructed Casey's General Store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.002769658974
    Latitude
    41.642071172008

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    FAQs

    What type of property is this?
    Land - High-traffic location, development ready
    Where is this land located?
    The property is located at 24 Co Rd Elkhart, IN.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Recently annexed into the City of Elkhart.; 275 feet of frontage on SR 19 (20,000 VPD).; B-2 Community Business District zoning, allowing drive-thrus.
    (574) 243-9522
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    24 Co Rd Elkhart, IN 46517
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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

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    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
    24 Co Rd Elkhart, IN 46517
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