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    8 Parkway Ave Elkhart, IN 46516

    Sponsored
    For Sale
    $3,175,000

    12.75 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12.75-acre parcel, located at Lot 8 Parkway Avenue in Elkhart, Indiana (zip code 46516), presents a unique opportunity for residential or mixed-use development. Priced at $3,175,000 ($249,019.61 per acre), this shovel-ready site boasts significant advantages. All necessary infrastructure is already in place, including roads, city water, and city sewer lines, minimizing upfront development costs and expediting the construction process. The property's convenient location within Elkhart County offers easy access to local amenities and transportation networks. The parcel identification number (APN) is 202224561. While specific zoning details, future land use designations, and zoning restrictions are not currently available, the property's prime location and existing infrastructure make it an attractive investment for developers seeking a streamlined project launch. This is a rare opportunity to acquire a substantial, fully serviced land parcel in a thriving Indiana community. Further information regarding the property's specifics can be obtained through the provided contact information.

    Property Features for 8 Parkway Ave

    General Information

    Property type
    Land
    Lot Size
    555,390 SF

    HighLights

    • 12.75‑acre parcel in Elkhart, IN
    • Excellent location for residential or mixed‑use development
    • Shovel‑ready site with existing infrastructure (roads, water, sewer)
    • Parcel ID: 202224561
    • Zoning details unavailable.
    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 Auto Repair Shop Clothing Store 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
    -85.885965
    Latitude
    41.676094

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    FAQs

    What type of property is this?
    Land - 12.75 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 8 Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $3,175,000.
    What are key features of this property?
    This property features: 12.75-acre parcel in Elkhart, IN; Excellent location for residential or mixed-use development; Shovel-ready site with existing infrastructure (roads, water, sewer)
    (574) 849-5886
    Request Owner's contact information
    8 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
    8 Parkway Ave Elkhart, IN 46516
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