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    1206 Nappanee St Elkhart, IN 46514

    For Sale
    Contact for pricing

    Prime Elkhart auto shop, 1272 sq ft, high visibility.

    Property size:
    1,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This 1,272 square foot auto shop, located at 1206 N. Nappanee St., Elkhart, Indiana, presents a unique investment opportunity. The property, built in 1997, sits on a 0.37-acre lot and features a single-story building with 12 parking spaces. Classified as a Class C retail property with a single tenancy, it boasts excellent visibility on Nappanee Road, offering high traffic exposure. The convenient location provides easy access to I-90 and is just seven minutes from the Elkhart Municipal Airport. Numerous nearby amenities include retail centers, restaurants, and hotels, enhancing the property's appeal and potential. The property's APN is 20-02-31-306-027.000-027 and is zoned ZO01. The property is available for sale or ground lease. This is a prime opportunity for an investor or business owner seeking a well-located, established auto shop in a thriving area.

    Property Features for 1206 Nappanee St

    General Information

    Property type
    Automotive properties
    Square Feet
    1,272 SF
    Class
    C
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    HighLights

    • 1,272 SF available for sale or ground lease on Nappanee Road.
    • Excellent visibility and high traffic counts on Nappanee Road.
    • Convenient access to I‑90 and Elkhart Municipal Airport (7‑minute drive).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jiffy Lube Oil Change Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.003572108575
    Latitude
    41.699584496727

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    FAQs

    What type of property is this?
    Automotive property - Prime Elkhart auto shop, 1272 sq ft, high visibility.
    Where is this automotive property located?
    The property is located at 1206 Nappanee St Elkhart, IN.
    What are key features of this property?
    This property features: 1,272 SF available for sale or ground lease on Nappanee Road.; Excellent visibility and high traffic counts on Nappanee Road.; Convenient access to I-90 and Elkhart Municipal Airport (7-minute drive).
    (317) 284-5534
    Request Owner's contact information
    1206 Nappanee St Elkhart, IN 46514
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    Elkhart, IN 46514
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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
    1206 Nappanee St Elkhart, IN 46514
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