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    2707 Toledo Rd Elkhart, IN 46516

    Sponsored
    For Lease
    $8 SF/Yr ($20,000 /Mo)

    Prime Elkhart retail space, multiple suites available

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 30,000-square-foot multi-tenant retail center, situated on 4.51 acres in Elkhart, Indiana, presents a compelling investment opportunity. Built in 1990, the property boasts 80 parking spaces and is conveniently located in a thriving commercial corridor, offering easy access to US 20/31 Bypass and County Road 17. The center is zoned B-3, allowing for a variety of retail uses. Available suites range from 1,375 to 9,625 square feet, each separately metered for efficient utility management. Prominent suite and marquee signage opportunities are available to enhance tenant visibility. The property benefits from a strong demographic trade area and is anchored by a diverse mix of established tenants including Dollar General, People Ready, Hanger, Sips and Scones, F & G Sports Cards, Elite Nutrition, and DripWorx. Located on the south side of Elkhart, in Concord Township, this retail center is just one mile west of the US 20 bypass entrance, providing excellent accessibility and high visibility for potential tenants. This property offers a unique blend of established tenancy and growth potential in a desirable Elkhart location. The property's address is 2707 Toledo Road, Elkhart, IN 46516.

    Property Features for 2707 Toledo Rd

    General Information

    Property type
    Shopping malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Total Rate
    20000

    Building Details

    Year Built
    1990

    Unit(s) available at that property

    Space
    Suite C
    Size
    1,375 SF
    Rate per SF
    $8
    Space
    Suite D
    Size
    1,375 SF
    Rate per SF
    $8
    Space
    Suite G & H
    Size
    2,750 SF
    Rate per SF
    $8
    Space
    Suite K
    Size
    1,375 SF
    Rate per SF
    $8
    Space
    Suite L & M
    Size
    2,750 SF
    Rate per SF
    $8

    HighLights

    • 30,000 SF multi‑tenant retail center on 4.51 acres in Elkhart, IN.
    • 80 parking spaces and excellent access to US 20/31 Bypass and County Road 17.
    • B‑3 zoning allows for diverse retail uses; suites range from 1,375 to 9,625 SF, separately metered.
    • Strong tenant mix including Dollar General, and prominent signage opportunities.
    • Located at 2707 Toledo Road, Elkhart, IN 46516, one mile west of US 20 bypass.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elite Nutrition Health Food Store PeopleReady Temp Agency TNT Nutrition Cafe Salon 20 Beauty Salon F&G sportscards Sports Card Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Gym & Fitness Building Supply Daycare Center Kitchen & Bath Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9189972
    Latitude
    41.6744009

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    FAQs

    What type of property is this?
    Shopping mall - Prime Elkhart retail space, multiple suites available
    Where is this shopping mall located?
    The property is located at 2707 Toledo Rd Elkhart, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 30,000 SF multi-tenant retail center on 4.51 acres in Elkhart, IN.; 80 parking spaces and excellent access to US 20/31 Bypass and County Road 17.; B-3 zoning allows for diverse retail uses; suites range from 1,375 to 9,625 SF, separately metered.
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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

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    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
    2707 Toledo Rd Elkhart, IN 46516
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