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    916 Parkway Ave Elkhart, IN 46516

    For Sale
    $110,000

    Prime .57-acre commercial lot. Busy retail corridor.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional .57-acre commercial lot is situated in the thriving retail corridor of CR 17 in Elkhart, Indiana, and is one of six available lots at Tuscany Square. The property is zoned DPUD B-3, offering a range of development possibilities. Utilities are already connected to the site, and retention ponds are in place, simplifying the development process. This lot presents a unique opportunity for businesses seeking a high-visibility location within a rapidly growing area. Many new buildings are currently under construction in the immediate vicinity, indicating a strong and expanding market. The lot's strategic location provides excellent access to major roadways and a high volume of traffic. Furthermore, there's potential for expansion, as this lot can be combined with two adjacent lots, totaling 1.68 acres, for larger-scale projects. The asking price for this exceptional property is $110,000. The address is 916 Parkway Ave, Elkhart, IN 46516.

    Property Features for 916 Parkway Ave

    General Information

    Property type
    Land
    Lot Size
    24,829 SF

    HighLights

    • B‑3 Zoning designation.
    • Utilities available on‑site.
    • High‑traffic commercial corridor location.
    Property Profile Insight Report 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 Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8849103
    Latitude
    41.6799405

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    FAQs

    What type of property is this?
    Land - Prime .57-acre commercial lot. Busy retail corridor.
    Where is this land located?
    The property is located at 916 Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: B-3 Zoning designation.; Utilities available on-site.; High-traffic commercial corridor location.
    Request Owner's contact information
    916 Parkway Ave Elkhart, IN 46516
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    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
    916 Parkway Ave Elkhart, IN 46516
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