Elkhart Industrial Property For
57909 IN-19 Elkhart, IN 46517
57909 IN-19, Elkhart, IN, 46517
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For Sale
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Three-building industrial property suitable for automotive use in Elkhart, IN.
Property Size5,660 SF
Price / SF$66.25
Days on Market680
Property Features for 57909 IN-19
General Information
- Standard status
- Active
- Size
- 5,660 SF
- Property subtype
- Industrial
Listing Agency
NAI Cressy - Mishawaka
Listed by
Blair Wozny · License #IN RB18001381
Source
Crexi
Added: Sep 9, 2024 Checked: Jul 19 at 7:43 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Cressy - Mishawaka
Investment Insights
Based on property information with market context.
This industrial property comprises three buildings, offering potential for automotive and other commercial uses. Building 1 features 3,200 square feet of space, including a main level office, an upstairs loft with three offices, and four large garage doors suitable for accommodating large trucks or RVs. Building 2 provides 2,400 square feet of space, complemented by an additional 480 square foot canopy or overhang. Building 3 offers 600 square feet of space. The property is located on SR 19, south of the St. Joe County River in Elkhart, Indiana, with the nearest major intersection being US 20.
Key Highlights
- Three‑building industrial property suitable for automotive use
- Building 1 features 3,200 SF with a main level office, 3 upstairs offices, and 4 large garage doors
- Four large garage doors can accommodate large trucks or RVs
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.7k | $9.48 |
| − Vacancy | −$5.2k | −$0.92 |
| EGI | $48.5k | $8.56 |
| − OpEx | −$14.5k | −$2.57 |
| NOI | $33.9k | $5.99 |
5,660 SF · lease $9.48/SF/yr · vacancy 9.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$908.1K – $1.21M
NOI $72,647 @ 7.0% cap · market cap 19.37%
Second Best
Industrial
$484.5K
$424.0K – $565.3K
NOI $33,916 @ 7.0% cap · market cap 9.04%
Theoretical Best
Specialty Retail
$1.05M
$916.9K – $1.22M
NOI $73,354 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Automotive properties
Similar For Sale Nearby
FAQs
What type of property is this?
Automotive property - Three-building industrial property suitable for automotive use in Elkhart, IN.
Where is this automotive property located?
The property is located at 57909 IN-19 Elkhart, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three‑building industrial property suitable for automotive use; Building 1 features 3,200 SF with a main level office, 3 upstairs offices, and **4 large garage doors**; **Four large garage doors can accommodate large trucks or RVs**
