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    1204 Nappanee St Elkhart, IN 46514

    For Sale
    $275,000

    0.94 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This 0.94-acre commercial land parcel is ideally situated on Nappanee Street in Elkhart, Indiana, a bustling retail corridor within Elkhart County. The property's prime location offers exceptional visibility and accessibility, benefiting from high daily traffic counts. Its strategic placement near established businesses like Casey's General Store, Jiffy Lube, and CVS Pharmacy ensures strong consumer traffic and brand synergy. The surrounding area is a thriving retail destination, providing a robust and established commercial environment. This presents a unique opportunity for investors and developers seeking a high-impact location to establish a new business or expand an existing one. The property is conveniently located within Elkhart, offering easy access to major transportation routes and a strong local economy. Elkhart's strategic position, approximately 10 miles north of Goshen, 15 miles west of South Bend, 115 miles southeast of Chicago, and 150 miles north of Indianapolis, further enhances its appeal and accessibility. The asking price for this exceptional commercial land parcel is $275,000. This represents a significant investment opportunity in a high-demand retail area. The property is offered as an equity investment.

    Property Features for 1204 Nappanee St

    General Information

    Property type
    Land
    Lot Size
    40,946 SF

    HighLights

    • $275,000 asking price.
    • 0.94‑acre commercial land parcel.
    • Located at 1204 N Nappanee St, Elkhart, IN 46514.
    • Prime retail location on a busy Elkhart County corridor.
    • Near Casey's, Jiffy Lube, and CVS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -86.002709
    Latitude
    41.6992937

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    FAQs

    What type of property is this?
    Land - 0.94 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 1204 Nappanee St Elkhart, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price.; 0.94-acre commercial land parcel.; Located at 1204 N 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
    1204 Nappanee St Elkhart, IN 46514
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