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    7A Parkway Ave Elkhart, IN 46516

    Sponsored
    For Sale
    $2,351,250

    8.25 Acres, Shovel-Ready, Utilities

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.25-acre parcel, located at 7A Parkway Avenue in Elkhart, Indiana, presents a prime opportunity for residential or mixed-use development. The property, identified by APN 20-07-07-351-002.000-039, boasts a substantial lot size of 359,370 square feet and is conveniently situated in Elkhart County, zip code 46516 (latitude 41.6758525, longitude -85.8859598). This "shovel-ready" site offers significant advantages to developers, eliminating lengthy pre-development hurdles. Existing infrastructure includes readily accessible roads, city water, and city sewer connections, minimizing upfront infrastructure costs and expediting the project timeline. The asking price for this exceptional development opportunity is $2,351,250. Its prime location and comprehensive utilities make it an ideal site for a variety of residential projects, potentially including single-family homes, townhouses, or a mixed-use development incorporating residential and commercial components. The property's size and location within Elkhart offer substantial potential for a high-return investment. This is a rare opportunity to acquire a fully serviced, large-scale development parcel in a desirable Indiana location. Interested parties should conduct their own due diligence.

    Property Features for 7A Parkway Ave

    General Information

    Property type
    Land
    Lot Size
    359,370 SF

    HighLights

    • 8.25‑acre parcel (359,370 sq ft) in Elkhart, IN.
    • APN 20‑07‑07‑351‑002.000‑039.
    • Shovel‑ready site with city water and sewer.
    • $2,351,250 asking price.
    • Ideal for residential or mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8859598
    Latitude
    41.6758525

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    FAQs

    What type of property is this?
    Land - 8.25 Acres, Shovel-Ready, Utilities
    Where is this land located?
    The property is located at 7A Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $2,351,250.
    What are key features of this property?
    This property features: 8.25-acre parcel (359,370 sq ft) in Elkhart, IN.; APN 20-07-07-351-002.000-039.; Shovel-ready site with city water and sewer.
    (574) 849-5886
    Request Owner's contact information
    7A Parkway Ave 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
    7A Parkway Ave Elkhart, IN 46516
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