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    908 Parkway Ave Elkhart, IN 46516

    For Sale
    $110,000

    Prime .54-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional .54-acre commercial lot is situated in the thriving Tuscany Square development, part of Elkhart County's bustling CR 17 retail corridor. Currently zoned DPUD B-3, this property presents a unique opportunity for investors and developers. The lot boasts convenient access to utilities, and existing infrastructure includes retention ponds. This parcel is one of six available lots, offering the potential for expansion. Specifically, this lot could be combined with two adjacent lots, resulting in a significantly larger 1.68-acre development site. The asking price for this individual .54-acre lot is $110,000. Given the ongoing construction of new buildings in the immediate vicinity and the high-traffic retail location, this property represents a compelling investment opportunity with significant future potential. The address is 908 Parkway Ave, Elkhart, IN 46516. This is a rare chance to secure a well-located commercial lot in a rapidly growing area.

    Property Features for 908 Parkway Ave

    General Information

    Property type
    Land
    Lot Size
    23,522 SF

    HighLights

    • $110,000 asking price.
    • 0.54‑acre commercial land parcel.
    • Located in Elkhart, Indiana, at 908 Parkway Ave.
    • DPUD B‑3 zoning.
    • Broker co‑op available.
    Property Profile Insight Report 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
    -85.8856314
    Latitude
    41.6799372

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    FAQs

    What type of property is this?
    Land - Prime .54-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 908 Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: $110,000 asking price.; 0.54-acre commercial land parcel.; Located in Elkhart, Indiana, at 908 Parkway Ave.
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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
    908 Parkway Ave Elkhart, IN 46516
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