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    322 Elkhart Ave Elkhart, IN 46516

    Sponsored
    For Lease
    Contact for pricing

    Elkhart, IN Retail/Office Opportunity

    Lot size:
    6,315 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A commercial space, located in Elkhart, Indiana's vibrant Riverwalk District, offers 3,767 square feet of versatile space ideal for restaurant, retail, or medical office use. Situated in a newly constructed, fully leased, 205-unit luxury mixed-use development, this end-cap unit boasts ample parking, both behind the building and street-front. The space features a convenient overhead roll-up door, perfect for a restaurant with outdoor patio potential. This prime location is surrounded by new developments, including a new Martin's grocery store and multi-family projects, ensuring high visibility and foot traffic. The zoning is Commercial Retail, and the space is part of a larger development with additional land available for purchase or build-to-suit opportunities. The minimum divisible space is 1,883 square feet, with a maximum contiguous space of 3,767 square feet. The building itself totals 6,315 square feet and is a single-story structure. Located at 322 S Elkhart Ave, Elkhart, IN 46516, this property presents a unique opportunity within the thriving Downtown Elkhart CBD. A tenant allowance is available to assist with build-out. The property is in the Mishawaka, Goshen, Osceola, Bristol, Goshen, Granger, South Bend submarket and is within Elkhart County.

    Property Features for 322 Elkhart Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,315 SF
    Class
    A

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    End Cap Space
    Size
    3,767 SF

    HighLights

    • 3,767 SF of Class A commercial space in Elkhart, IN's Riverwalk District, ideal for restaurant, retail, or medical office use.
    • End‑cap unit in a new, fully leased, 205‑unit luxury mixed‑use development with ample parking.
    • Features an overhead roll‑up door and potential for outdoor patio.
    • High visibility and foot traffic due to surrounding new developments, including a new grocery store.
    • Commercial Retail zoning; minimum 1,883 SF, maximum 3,767 SF contiguous space; tenant allowance available.
    • Located at 322 S Elkhart Ave, Elkhart, IN 46516, within the Downtown Elkhart CBD; additional land available for purchase or build‑to‑suit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Indiana Farm Bureau ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9677802
    Latitude
    41.686602

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    FAQs

    What type of property is this?
    Restaurant - Elkhart, IN Retail/Office Opportunity
    Where is this restaurant located?
    The property is located at 322 Elkhart Ave Elkhart, IN.
    What are key features of this property?
    This property features: 3,767 SF of Class A commercial space in Elkhart, IN's Riverwalk District, ideal for restaurant, retail, or medical office use.; End-cap unit in a new, fully leased, 205-unit luxury mixed-use development with ample parking.; Features an overhead roll-up door and potential for outdoor patio.
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    322 Elkhart Ave Elkhart, IN 46516
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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
    322 Elkhart Ave Elkhart, IN 46516
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