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    10 Parkway Ave Elkhart, IN 46516

    For Sale
    $570,000

    Prime 1,405 SF Retail, Hwy 99 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,405 square foot retail space is located within the thriving Lynwood Crossroads shopping center in Snohomish County. Built in 2015, this single-tenant property boasts a highly visible location at the intersection of 196th Street and Highway 99, a major thoroughfare experiencing 35,000 vehicles daily. The property is zoned HMU and features a single-story building. Its strategic placement ensures high foot traffic and excellent brand visibility. The space benefits from its proximity to a variety of established businesses, including LA Fitness, T&T Supermarket, Starbucks, DoughZone, Qdoba, and Mod Pizza, creating a synergistic environment and attracting a diverse customer base. This presents a unique opportunity for a business seeking a well-established location with significant daily traffic exposure and a strong tenant mix. The property's modern construction and prime location make it an ideal investment for a variety of retail ventures. The high traffic count and established surrounding businesses offer a strong foundation for success. This single-tenant retail space is ready for immediate occupancy. The property's location near the future light rail line further enhances its long-term potential and value.

    Property Features for 10 Parkway Ave

    General Information

    Property type
    Land
    Lot Size
    191,228 SF

    HighLights

    • 1,405 SF single‑tenant retail space.
    • Located in the Lynwood Crossroads shopping center.
    • High traffic location at the intersection of 196th and Hwy 99 (35,000 cars daily), near future light rail.
    • Strong co‑tenancy including LA Fitness, T&T Supermarket, Starbucks, and others.
    • Built in 2015, one‑story building in Snohomish County, HMU zoning.
    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 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
    -85.885976
    Latitude
    41.676062

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    FAQs

    What type of property is this?
    Land - Prime 1,405 SF Retail, Hwy 99 Frontage
    Where is this land located?
    The property is located at 10 Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $570,000.
    What are key features of this property?
    This property features: 1,405 SF single-tenant retail space.; Located in the Lynwood Crossroads shopping center.; High traffic location at the intersection of 196th and Hwy 99 (35,000 cars daily), near future light rail.
    (574) 849-5886
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    10 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
    10 Parkway Ave Elkhart, IN 46516
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