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    317 Franklin St Elkhart, IN 46516

    Sponsored
    For Sale
    $850,000

    11,973 SF Office, $850,000

    Property size:
    11,973 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,973-square-foot office building, located at 317 W. Franklin St. in Elkhart, Indiana, presents a compelling investment opportunity. Constructed in 1967 and situated on a 0.685-acre lot within the Central Business District, this well-maintained property boasts ample parking, a significant advantage for businesses with substantial client or employee traffic. The building's flexible layout is ideal for a variety of uses, featuring private offices, modern conference rooms, collaborative open areas, and comfortable break rooms. The design allows for the potential to subdivide the space, enabling a buyer to occupy a portion while leasing the remainder to generate rental income. This turnkey investment requires minimal initial upkeep, making it an attractive option for those seeking a low-maintenance, high-return property. The property's address is 317 W Franklin St, Elkhart, IN 46516, and its zoning is designated as Central Business District. This presents a rare chance to acquire a substantial, well-located office building in a thriving Indiana market. The asking price is $850,000.

    Property Features for 317 Franklin St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,973 SF
    Lot Size
    29,839 SF

    Building Details

    Year Built
    1967

    HighLights

    • Excellent condition; turnkey investment.
    • Ample parking; high traffic suitability.
    • Multi‑tenant potential; owner‑occupancy option.
    • Versatile floorplan; private offices, conference rooms, open areas, and break rooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kruggel Lawton CPAs Certified Public Accountant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -85.97561587
    Latitude
    41.68317487

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    FAQs

    What type of property is this?
    Office Property / Space - 11,973 SF Office, $850,000
    Where is this office property / space located?
    The property is located at 317 Franklin St Elkhart, IN.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Excellent condition; turnkey investment.; Ample parking; high traffic suitability.; Multi-tenant potential; owner-occupancy option.
    Request Owner's contact information
    317 Franklin St 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
    317 Franklin St Elkhart, IN 46516
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