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    College Ave & US 33 Goshen, IN 46526

    Sponsored
    For Sale
    $3,900,000

    High-Visibility Commercial Land, 6.5 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.5-acre commercial land parcel presents a prime investment opportunity in Goshen, Indiana. Located at the highly visible intersection of College Avenue and US 33, this property boasts an average daily traffic count of approximately 18,000 vehicles on US 33. The site is zoned for commercial use and offers the flexibility to be purchased as a whole or divided into smaller outlots, ranging from 1.1 acres. Utilities are conveniently located along US 33. A new Planned Unit Development (PUD) allows for a variety of retail, restaurant, and service uses, making it ideal for quick-service restaurants (QSRs), financial institutions, medical facilities, or small retail shops. The fully signalized intersection ensures excellent accessibility from both US 33 and College Avenue. This location benefits from proximity to established businesses such as Walgreens, Walmart, Menards, Martin's Supermarket, Culver's, Starbucks, McDonald's, and Taco Bell, among others. Furthermore, Goshen Hospital and Goshen College are conveniently located approximately 1.25 miles to the east. The asking price for the entire 6.5-acre parcel is $3,900,000. This is a rare opportunity to acquire a strategically located commercial property in a thriving area with high traffic volume and strong surrounding retail presence.

    Property Features for 0 College Ave & US 33

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • 6.5‑acre commercial land parcel in Goshen, Indiana.
    • High‑visibility location at the intersection of College Avenue and US 33, with 18,000+ average daily traffic count on US 33.
    • Zoned for commercial use, divisible into smaller outlots (minimum 1.1 acres).
    • Utilities readily available along US 33.
    • New Planned Unit Development (PUD) allows for retail, restaurant, and service uses.
    • Fully signalized intersection provides excellent accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Goshen
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.80274991074
    Latitude
    41.565920673029

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    FAQs

    What type of property is this?
    Land - High-Visibility Commercial Land, 6.5 Acres
    Where is this land located?
    The property is located at College Ave & US 33 Goshen, IN.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 6.5-acre commercial land parcel in Goshen, Indiana.; High-visibility location at the intersection of College Avenue and US 33, with 18,000+ average daily traffic count on US 33.; Zoned for commercial use, divisible into smaller outlots (minimum 1.1 acres).
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    Goshen, IN 46526
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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
    College Ave & US 33 Goshen, IN 46526
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