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    17 Parkway Ave Elkhart, IN 46516

    Sponsored
    For Sale
    $992,750

    3.61 Acres, B-3 DPUD Zoning, Shovel Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.61-acre commercial lot, located at Lot 17 Parkway Avenue in Elkhart, Indiana (zip code 46516), presents a unique investment opportunity. The property boasts over 330 feet of frontage on CR 17, making it ideally suited for a variety of commercial developments. Its B-3 DPUD zoning allows for diverse uses, including restaurants (with drive-through potential) and retail spaces. Imagine a restaurant occupying the prime frontage, with additional space at the rear for complementary retail businesses. This strategic location benefits from the proximity to a planned 253-unit apartment complex slated to begin construction in the fall of 2024, ensuring a robust and growing customer base. The lot offers significant square footage (157,252 square feet) and all utilities are already in place, making this a truly "shovel-ready" site. The property's APN is 20-07-07-151-004.000-039. This is one of the few remaining lots with CR 17 frontage, representing a rare chance to secure a prime location in a thriving Elkhart County market. The asking price for this exceptional property is $992,750. Don't miss this opportunity to capitalize on the growth potential of this highly desirable location.

    Property Features for 17 Parkway Ave

    General Information

    Property type
    Land
    Lot Size
    157,252 SF

    HighLights

    • 3.61‑acre commercial lot in Elkhart, IN (46516), APN 20‑07‑07‑151‑004.000‑039.
    • Over 330 feet of frontage on CR 17.
    • B‑3 DPUD zoning allows for restaurants (with drive‑throughs) and retail.
    • 157,252 square feet, all utilities available; shovel‑ready site.
    • Asking price: $992,750.
    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 Clothing Store Nail Salon Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8859598
    Latitude
    41.6758525

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    FAQs

    What type of property is this?
    Land - 3.61 Acres, B-3 DPUD Zoning, Shovel Ready
    Where is this land located?
    The property is located at 17 Parkway Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $992,750.
    What are key features of this property?
    This property features: 3.61-acre commercial lot in Elkhart, IN (46516), APN 20-07-07-151-004.000-039.; Over 330 feet of frontage on CR 17.; B-3 DPUD zoning allows for restaurants (with drive-throughs) and retail.
    (574) 849-5886
    Request Owner's contact information
    17 Parkway Ave 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
    17 Parkway Ave Elkhart, IN 46516
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