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    26 & Sr 19 Elkhart, IN 46517

    Sponsored
    For Sale
    $5,000,000

    Prime Elkhart County commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 40-acre commercial land parcel is situated at the northeast corner of County Road 26 and State Road 19 in Elkhart, Indiana, zip code 46517. Conveniently located just off the US 20 Bypass and SR 19 interchange, this property boasts high visibility and accessibility. The site offers a range of development possibilities, including hotels, office/commercial services, senior living facilities, convenience stores, or specialty retail establishments. The property's dimensions are approximately 1800 feet by 900 feet and can be subdivided into smaller parcels to suit individual needs. It's adjacent to the former American Countryside Farmers' Market, providing additional synergy and potential for complementary businesses. A traffic light at the intersection of SR 19 and CR 26 ensures excellent traffic flow and visibility. The property benefits from readily available water and sewer services, as well as fiber optic cable along CR 26. Daily traffic counts on US 20 reach approximately 30,000 vehicles, indicating significant potential for high customer traffic. The asking price ranges from $32,500 to $125,000 per acre, with a total asking price of $5,000,000. Additional acreage is also available on the northwest corner of SR 19 and CR 26. This is a truly unique opportunity to acquire a strategically located and highly versatile commercial land parcel in a thriving Indiana market.

    Property Features for 26 & Sr 19

    General Information

    Property type
    Land
    Lot Size
    1,742,400 SF

    HighLights

    • 40± acres at the northeast corner of SR 19 and CR 26, near US 20 bypass.
    • Divisible into smaller parcels.
    • Adjacent to a former farmers' market.
    • Ideal for hotel, office/commercial, senior living, convenience stores, or specialty retail development.
    • Signalized intersection at SR 19 and CR 26.
    • Approximately 1800' x 900' lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0025449
    Latitude
    41.6234676

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    FAQs

    What type of property is this?
    Land - Prime Elkhart County commercial land, ideal for development.
    Where is this land located?
    The property is located at 26 & Sr 19 Elkhart, IN.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 40± acres at the northeast corner of SR 19 and CR 26, near US 20 bypass.; Divisible into smaller parcels.; Adjacent to a former farmers' market.
    (574) 876-9535
    Request Owner's contact information
    26 & Sr 19 Elkhart, IN 46517
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    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
    26 & Sr 19 Elkhart, IN 46517
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