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    1651 Toledo Rd Elkhart, IN 46516

    For Sale
    $995,000

    High-traffic retail/storage complex, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 23,060-square-foot freestanding retail and self-storage facility located at 1651 Toledo Rd., Elkhart, IN 46516. The property, built in 1988, sits on a sizable 3.21-acre lot and features a single-story building with P-3 and PUD zoning. The complex comprises 27 non-climate-controlled storage units and five retail spaces, offering a diverse income stream. Currently, the property is not fully occupied, presenting a significant opportunity for increased rental income through stabilization and market-rate adjustments. The property boasts high daily traffic counts of 9,300 vehicles and benefits from a dense population base, with 93,335 people residing within a five-mile radius. The property includes eight parking spaces. The asking price is $995,000. The APN is 20-06-10-176-029.000-009. This property offers significant upside potential for a savvy investor seeking a strong return on investment in a prime Elkhart location.

    Property Features for 1651 Toledo Rd

    General Information

    Property type
    Retail properties
    Lot Size
    139,828 SF

    Building Details

    Year Built
    1988
    Stories
    1

    HighLights

    • 23,060 square feet of net rentable area.
    • 3.21‑acre site.
    • 27 non‑climate‑controlled units.
    • Five retail spaces with eight parking spaces.
    • High daily traffic count of 9,300 vehicles.
    • Dense population of 93,335 within a five‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dynamic Transportation Transportation Service Vesuvio Pizza Pizza Restaurant Dynamic Soccer Soccer Field Interrock Capital LLC Corporate Office Interrock LLC Equipment Rental Agency

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -85.9404749
    Latitude
    41.6773732

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail/storage complex, great potential.
    Where is this retail property located?
    The property is located at 1651 Toledo Rd Elkhart, IN.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 23,060 square feet of net rentable area.; 3.21-acre site.; 27 non-climate-controlled units.
    (574) 315-9615
    Request Owner's contact information
    1651 Toledo Rd 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
    1651 Toledo Rd Elkhart, IN 46516
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