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    3621 Nappanee St Elkhart, IN 46517

    For Sale
    Contact for pricing

    High-traffic location, rezoning potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 6.52-acre commercial land parcel presents a unique investment opportunity in Elkhart, Indiana. Strategically located at the highly visible intersection of State Road 19 and Charlotte Avenue (CR-24) in Elkhart County, this property boasts impressive daily traffic counts of 25,949 vehicles. The site offers substantial frontage, approximately 700 feet on State Road 19 and 400 feet on Charlotte Avenue, ensuring maximum visibility for any business. Its proximity to the US 20 Bypass entrance provides unparalleled accessibility. The property is zoned for industrial use, but possesses potential for rezoning, offering flexibility for a variety of development options. Subdivision possibilities exist, with options ranging from 2-acre parcels up to the full 6.52 acres, subject to survey and necessary approvals. The signalized intersection further enhances the property's appeal, creating a prime location for businesses seeking high visibility and convenient access. This south-side Elkhart location is ideal for businesses aiming to capitalize on significant daily traffic flow and excellent exposure. The property's size and location make it an exceptional opportunity for development and investment. The zip code is 46517.

    Property Features for 3621 Nappanee St

    General Information

    Property type
    Land
    Lot Size
    284,011 SF

    HighLights

    • High‑visibility commercial land with excellent frontage on State Road 19.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indiana Transport Shipping ... Shipping Company Indiana Transport South ... Shipping Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.004225
    Latitude
    41.646718

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    FAQs

    What type of property is this?
    Land - High-traffic location, rezoning potential.
    Where is this land located?
    The property is located at 3621 Nappanee St Elkhart, IN.
    What are key features of this property?
    This property features: High-visibility commercial land with excellent frontage on State Road 19.; ;
    (574) 264-2050
    Request Owner's contact information
    3621 Nappanee St Elkhart, IN 46517
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    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.

    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
    3621 Nappanee St Elkhart, IN 46517
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