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    1115 Parkway Ave Elkhart, IN 46516

    Sponsored
    For Sale
    $2,640,000

    20,000 SF Executive Office Building

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20,000 square foot executive office building, located at 1115 Parkway Avenue in Elkhart, Indiana, presents a significant investment opportunity. The property is ideally situated in Elkhart County, zip code 46516, offering convenient access to key transportation routes and amenities. The building is currently offered for sale at $2,640,000. The space is highly versatile and can be subdivided to accommodate various business needs. While the entire 20,000 square feet is available, flexible options of 5,000 or 10,000 square feet are also possible. Ample parking is available on-site, a significant advantage for employees and clients. This property is perfect for a company seeking a prestigious and functional headquarters or a savvy investor looking for a strong return. The building's executive office subtype ensures a professional and sophisticated environment. Its location in Elkhart, Indiana, provides access to a thriving business community. This is a rare opportunity to acquire a substantial and well-located commercial property in a desirable market. The asking price reflects the building's size, prime location, and potential for significant return on investment. Serious inquiries are encouraged.

    Property Features for 1115 Parkway Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    20,000 SF

    HighLights

    • Exceptional 20,000 sq ft executive office building in Elkhart, IN.
    • $2,640,000 asking price.
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.88615576
    Latitude
    41.67406899

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    FAQs

    What type of property is this?
    Office Property / Space - 20,000 SF Executive Office Building
    Where is this office property / space located?
    The property is located at 1115 Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $2,640,000.
    What are key features of this property?
    This property features: Exceptional 20,000 sq ft executive office building in Elkhart, IN.; $2,640,000 asking price.; Ample on-site parking.
    (574) 849-5886
    Request Owner's contact information
    1115 Parkway Ave Elkhart, IN 46516
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    Elkhart, IN 46516
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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
    1115 Parkway Ave Elkhart, IN 46516
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