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    3365 Main St Elkhart, IN 46517

    For Sale
    $1,295,000

    High-traffic retail space, NNN lease.

    Property size:
    3,482 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,482 square foot storefront, located at 3365 S Main St, Elkhart, IN 46517, presents a lucrative investment opportunity. The property, built in 1996 and situated on a 1.18-acre lot, is currently occupied by Verizon Wireless under a triple net (NNN) lease, requiring no expenses from the owner. Verizon has been a tenant since 1997, operating a cellular training center and retail store. The location boasts exceptional visibility on Main Street (US 33), with convenient access from Shaffer Avenue. High traffic counts are guaranteed, with 12,627 vehicles daily north of the bypass, 13,505 south, and 20,562 on the US 20 Bypass. The property benefits from a large parking area and municipal utilities. The strong demographics further enhance its appeal: within a three-mile radius, the 2021 population census recorded 44,071 residents

    Property Features for 3365 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,482 SF
    Lot Size
    51,401 SF

    Building Details

    Year Built
    1996

    HighLights

    • Verizon tenant since 1997.
    • Cellular training center and retail store.
    • High visibility on Main Street (US 33) with Shaffer Ave. access.
    • High traffic counts: 12,627 (Main St. North), 13,505 (Main St. South), 20,562 (US 20 Bypass).
    • Strong demographics: 44,071 (3‑mile radius), 86,251 (5‑mile radius), 189,955 (10‑mile radius).
    • Triple‑net lease; no owner expenses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Verizon Cell Phone Store Verizon Business Services Business To Business Service

    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
    -85.9395169
    Latitude
    41.649733

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, NNN lease.
    Where is this individual retail property located?
    The property is located at 3365 Main St Elkhart, IN.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Verizon tenant since 1997.; Cellular training center and retail store.; High visibility on Main Street (US 33) with Shaffer Ave. access.
    Request Owner's contact information
    3365 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
    3365 Main St Elkhart, IN 46517
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