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    22538 Pine Arbor Dr Elkhart, IN 46516

    For Sale
    $949,000

    Prime Elkhart location, high visibility, development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 11-acre commercial land parcel presents a remarkable development opportunity in Elkhart, Indiana. Boasting 1,000 feet of frontage on Toledo Road, experiencing 9,000 cars daily, and 530 feet on Pine Arbor Drive, this property offers unparalleled visibility. Its strategic location just off the US 20 Bypass (24,000 cars daily) and CR 17 (25,000 cars daily, per INDOT traffic counts) ensures easy access to the region. Situated within the Concord School District, the property is only two miles from a significant industrial area housing prominent businesses such as Thor Motor Coach, Siemens Healthcare, and others. Additional advantages include proximity to US Highway 33 (over 20,000 cars daily), Downtown Elkhart (4 miles), the Indiana Toll Road Interchange at CR 17 (5.5 miles), SR 19 (25,000 cars daily, 7 miles), Downtown Goshen (9 miles), Downtown Mishawaka (15 miles), and the University of Notre Dame (20 miles). Currently zoned residential, this 11-acre site, priced at $949,000 ($86,272.73/acre), offers significant potential for various commercial ventures, capitalizing on Elkhart's thriving industrial landscape and its position as the "RV Capital of the World." The property is situated directly across from the Arbor Lakes Apartment complex, providing additional exposure and potential synergy. The address is 22538 Pine Arbor Dr, Elkhart, IN 46516.

    Property Features for 22538 Pine Arbor Dr

    General Information

    Property type
    Land
    Lot Size
    479,160 SF

    HighLights

    • 11‑acre site near US Bypass and CR 17
    • 1,000 feet of frontage on Toledo Road
    • High‑traffic location with excellent visibility
    • Two miles from a major industrial park
    • 5.5 miles to the Indiana Toll Road via CR 17
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arbor Lakes Apartments Apartment Rental Agency Aadvantage Suites Furnished Apartment Building Arbor Lakes management ... Corporate Office

    Suggested Use

    Law Firm Restaurant Realty agency Hair Salon Dental Office Nail Salon Gym & Fitness Pharmacy Daycare Center Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.901733461171
    Latitude
    41.67154950013

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    FAQs

    What type of property is this?
    Land - Prime Elkhart location, high visibility, development opportunity.
    Where is this land located?
    The property is located at 22538 Pine Arbor Dr Elkhart, IN.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: 11-acre site near US Bypass and CR 17; 1,000 feet of frontage on Toledo Road; High-traffic location with excellent visibility
    (574) 243-9522
    Request Owner's contact information
    22538 Pine Arbor Dr 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
    22538 Pine Arbor Dr Elkhart, IN 46516
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