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    2501 Lexington Ave Elkhart, IN 46514

    For Sale
    $349,000

    2,880 SF Warehouse/Distribution Space

    Property size:
    2,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 2,880 square foot industrial building, situated on a 2.22-acre lot in Elkhart, Indiana, presents a compelling investment opportunity. Previously used as an automotive shop, the property offers versatile space suitable for various uses, including automotive service and sales, small-scale fabrication, or transportation-related businesses. The building boasts over one acre of secured storage space behind it, providing ample room for inventory or equipment. Its location on the west side of Elkhart offers convenient access to major transportation arteries, including US 20 Bypass and the Indiana Toll Road (I-80/90) via State Road 19. This central location provides easy access to both Elkhart and Mishawaka. A unique feature is deeded river access, presenting potential for a boat slip. Furthermore, the property has a history of generating $5,000 to $10,000 annual income as a potential U-Haul franchisee, adding to its investment appeal. The property is located at 2501 W Lexington Ave, Elkhart, IN 46514. This is a single-building property with a listed asking price of $349,000.

    Property Features for 2501 Lexington Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    2,880 SF
    Lot Size
    96,703 SF

    Building Details

    Buildings
    1

    HighLights

    • $349,000 asking price.
    • 2,880 square foot industrial building on a 2.22‑acre lot.
    • Former automotive shop suitable for automotive, fabrication, or transportation uses.
    • Excellent location in Elkhart, IN, near US 20 Bypass and Indiana Toll Road (I‑80/90).
    • Includes over one acre of secured rear storage and deeded river access.
    • Potential for U‑Haul franchise income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Truck Rental Agency OFY Performance Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0105229
    Latitude
    41.6850295

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    FAQs

    What type of property is this?
    Distribution property - 2,880 SF Warehouse/Distribution Space
    Where is this distribution property located?
    The property is located at 2501 Lexington Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: $349,000 asking price.; 2,880 square foot industrial building on a 2.22-acre lot.; Former automotive shop suitable for automotive, fabrication, or transportation uses.
    Request Owner's contact information
    2501 Lexington Ave 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
    2501 Lexington Ave Elkhart, IN 46514
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