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    107 Northpointe Blvd Elkhart, IN 46514

    Sponsored
    For Sale
    $1,500,000

    Established Restaurant, High Traffic Area

    Property size:
    5,264 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the chance to acquire two established Perkins Restaurant locations in Elkhart, Indiana. The combined asking price for both properties is $1,895,000. The Elkhart location, situated at 107 Northpointe Blvd, Elkhart, IN 46514, includes the real estate in the sale. This 5,264 square foot storefront sits on a 0.89-acre lot (APN: 20-02-20-251-035.000-027) and boasts a prime location on Cassopolis St/SR 19, directly off the I-80/90 exit. The property, built in 1995, benefits from a high-density hotel area surrounding it, ensuring consistent customer traffic. The sale includes the franchise, goodwill, furnishings, fixtures, and equipment. The business generates gross revenue exceeding $1.1 million annually. Importantly, local management will remain in place post-sale, providing continuity and operational expertise. The property is zoned for commercial use. This is a turnkey opportunity to own a profitable, established restaurant business with significant growth potential. The South Bend location must be purchased concurrently with the Elkhart location to complete the acquisition. This is a rare chance to own a well-established, high-performing restaurant franchise in a prime location.

    Property Features for 107 Northpointe Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,264 SF
    Lot Size
    38,768 SF

    Building Details

    Year Built
    1995
    Buildings
    1

    HighLights

    • Two Perkins Restaurant locations in Elkhart and South Bend, IN, offered together for $1,895,000.
    • Established Perkins Restaurant franchise business for sale, including both locations.
    • Elkhart location includes real estate: 5,264 SF building on a 0.89‑acre lot at 107 Northpointe Blvd, Elkhart, IN 46514 (APN: 20‑02‑20‑251‑035.000‑027).
    • Elkhart location enjoys a high‑density hotel area.
    • Sale includes franchise, goodwill, FF&E.
    • Annual gross revenue exceeds $1.1 million.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elkhart Breakfast Optimist ... Club Perkins Restaurant & Bakery American Restaurant MrBeast Burger Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -85.9746331
    Latitude
    41.7342871

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    FAQs

    What type of property is this?
    Individual retail property - Established Restaurant, High Traffic Area
    Where is this individual retail property located?
    The property is located at 107 Northpointe Blvd Elkhart, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Two Perkins Restaurant locations in Elkhart and South Bend, IN, offered together for $1,895,000.; Established Perkins Restaurant franchise business for sale, including both locations.; Elkhart location includes real estate: 5,264 SF building on a 0.89-acre lot at 107 Northpointe Blvd, Elkhart, IN 46514 (APN: 20-02-20-251-035.000-027).
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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
    107 Northpointe Blvd Elkhart, IN 46514
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