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    631 Collins Rd Elkhart, IN 46516

    For Sale
    $580,000

    10,600 SF Warehouse, Ideal Location

    Property size:
    10,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 10,600-square-foot warehouse, built in 1994 and renovated in 2020, is available for sale at $580,000 ($54.72/sq ft). Located in Elkhart Industrial Park, Elkhart, Indiana (46516), this property sits on 0.83 acres and offers clean warehouse/light manufacturing space. The building boasts 16' to 20' ceilings and three 14' grade-level doors, making it highly functional. A significant advantage is the inclusion of 2,000 square feet of newly remodeled office space, featuring five private offices, a reception area, and a conference room. The property is well-equipped with 200 Amp single-phase power, gas unit heaters in the shop, and gas forced heat with central A/C in the office. Restrooms are conveniently located in both the shop and office areas. The back portion of the property is secured with a fence and gate. Municipal water and sewer connections are in place. The building is well-insulated. Its M1 zoning makes it suitable for a variety of industrial uses. The property's strategic location offers easy access to US 20 Bypass and the I-80/90 Toll Road (within 5 miles), surrounded by other industrial and commercial businesses. This is a turnkey opportunity for businesses seeking a well-maintained and conveniently located industrial space.

    Property Features for 631 Collins Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    10,600 SF
    Lot Size
    36,155 SF

    Building Details

    Year Built/Renovated
    1994/2020

    HighLights

    • High‑bay warehouse space ideal for light manufacturing.
    • Modern, recently renovated office area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Orion Lighting Solutions Electrical Supply Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9230679
    Latitude
    41.6851541

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    FAQs

    What type of property is this?
    Distribution property - 10,600 SF Warehouse, Ideal Location
    Where is this distribution property located?
    The property is located at 631 Collins Rd Elkhart, IN.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: High-bay warehouse space ideal for light manufacturing.; Modern, recently renovated office area.;
    Request Owner's contact information
    631 Collins Rd 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
    631 Collins Rd Elkhart, IN 46516
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