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    1551 Cassopolis St Elkhart, IN 46514

    Sponsored
    For Sale
    $89,900

    .66 Acres, High-Traffic Location, $89,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.66-acre commercial land parcel, located at 1551 Cassopolis Street in Elkhart, Indiana (zip code 46514), presents a unique investment opportunity. Zoned B-2, this property boasts a highly desirable location within Elkhart city limits, directly on Cassopolis Street (State Road 19), offering excellent visibility and accessibility. The lot features a convenient curb cut, providing easy ingress and egress. Its strategic placement is surrounded by a thriving mix of businesses, retail establishments, and restaurants, ensuring high traffic volume and potential for strong returns. The property is situated just 1.5 miles from Exit 92 of the I-80/90 Toll Road, providing convenient access to regional and national transportation networks. Adding to its appeal, the land is adjacent to a large apartment complex, creating a built-in customer base for potential commercial ventures. The parcel ID is 202116490. The asking price is $89,900, representing a price per acre of $136,212.12. This is an ideal site for a variety of commercial uses, given its size, zoning, and prime location. Don't miss this chance to acquire a valuable piece of Elkhart commercial real estate. The property's irregular shape adds to its unique character and potential development options.

    Property Features for 1551 Cassopolis St

    General Information

    Property type
    Land
    Lot Size
    28,750 SF

    HighLights

    • 0.66‑acre commercial lot in Elkhart, IN.
    • High‑traffic location on Cassopolis Street (SR 19).
    • Adjacent to a large apartment complex.
    • Parcel ID: 202116490.
    Property Profile 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
    -85.9728646
    Latitude
    41.7041775

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    FAQs

    What type of property is this?
    Land - .66 Acres, High-Traffic Location, $89,900
    Where is this land located?
    The property is located at 1551 Cassopolis St Elkhart, IN.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: 0.66-acre commercial lot in Elkhart, IN.; High-traffic location on Cassopolis Street (SR 19).; Adjacent to a large apartment complex.
    (574) 849-5886
    Request Owner's contact information
    1551 Cassopolis St Elkhart, IN 46514
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    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
    1551 Cassopolis St Elkhart, IN 46514
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