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    3535 Main St Elkhart, IN 46517

    For Sale
    $625,000

    Established Restaurant, High Traffic Location

    Property size:
    6,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a thriving 6,872-square-foot free-standing restaurant, known as Fiesta Cancun, ideally situated on a 1.38-acre outlot in front of Concord Mall in Elkhart, Indiana. Built in 1985, the property boasts a spacious layout including a large kitchen and prep area equipped with multiple coolers and freezers, a separate bar area, a substantial dining area, and a private party or meeting room. Ample on-site parking accommodates 83+ vehicles. The restaurant benefits from a high-traffic location on South Main Street (US 33), a major thoroughfare averaging 27,241 vehicles daily, strategically positioned between Elkhart and Goshen, and just 0.5 miles from the US-20 exit. This B2-zoned property is part of the Concord Mall retail development, surrounded by a mix of local and national retailers, offering excellent visibility and accessibility. The asking price is $625,000. The property's APN is 20-06-22-254-006.000-011. This turnkey restaurant presents a rare opportunity to acquire a well-established business in a prime retail location. The property consists of one building and has undergone recent updates.

    Property Features for 3535 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    6,872 SF
    Lot Size
    60,113 SF

    Building Details

    Year Built
    1985
    Buildings
    1

    HighLights

    • 6,872 SF free‑standing restaurant building.
    • High‑traffic outlot at Concord Mall, Elkhart, IN.
    • Large kitchen and prep area with multiple coolers and freezers.
    • Private party/meeting room.
    • On‑site parking for 83+ vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fiesta Cancun Mexican ... Mexican Restaurant

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -85.9340078
    Latitude
    41.6453381

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Location
    Where is this restaurant located?
    The property is located at 3535 Main St Elkhart, IN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: 6,872 SF free-standing restaurant building.; High-traffic outlot at Concord Mall, Elkhart, IN.; Large kitchen and prep area with multiple coolers and freezers.
    Request Owner's contact information
    3535 Main St Elkhart, IN 46517
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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
    3535 Main St Elkhart, IN 46517
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