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    Vacant Land In-19 Elkhart, IN 46517

    For Sale
    $395,000

    1.6-acre commercial land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.6-acre commercial outlot presents a remarkable development opportunity in Elkhart, Indiana. Strategically located on heavily trafficked State Road 19 (SR 19), boasting approximately 300 feet of frontage, this property enjoys exceptional visibility to an estimated 20,000 vehicles daily, according to INDOT traffic counts. Recently annexed into the City of Elkhart, the site is conveniently situated just half a mile from the US 20 Bypass, less than two miles from Lincoln Highway/IN-933, and 3.5 miles from downtown Elkhart. The property is zoned B-2: Community Business District with Drive-Thru, allowing for a wide range of commercial uses. Adding to its appeal, a brand-new Casey's General Store is currently under construction at the corner of SR 19 and County Road 24, further enhancing the area's commercial viability. Adjacent land is also available for potential expansion. This is a rare opportunity to acquire a high-visibility, well-located parcel in a thriving Elkhart County market. The asking price for this exceptional property is $395,000. The property's address is Vacant Land, IN-19, Elkhart, IN 46517.

    Property Features for 0 Vacant Land In-19

    General Information

    Property type
    Land
    Lot Size
    69,696 SF

    HighLights

    • Recently annexed into the City of Elkhart.
    • 300 feet of frontage on SR 19, a heavily trafficked road.
    • New Casey's General Store under construction at the corner.
    • Half‑mile from US 20 Bypass.
    • B‑2 Community Business District zoning, allowing drive‑thrus.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0024944
    Latitude
    41.6163116

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    FAQs

    What type of property is this?
    Land - 1.6-acre commercial land, prime location.
    Where is this land located?
    The property is located at Vacant Land In-19 Elkhart, IN.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Recently annexed into the City of Elkhart.; 300 feet of frontage on SR 19, a heavily trafficked road.; New Casey's General Store under construction at the corner.
    (574) 243-9522
    Request Owner's contact information
    Vacant Land In-19 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.

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    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.

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    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
    Vacant Land In-19 Elkhart, IN 46517
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