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    Charlotte Ave Elkhart, IN 46517

    Sponsored
    For Sale
    $895,000

    Prime 2.6-acre commercial lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.6-acre commercial outlot presents a remarkable development opportunity in Elkhart, Indiana. Strategically located on heavily trafficked State Road 19 (SR 19), boasting approximately 300 feet of frontage, this property enjoys exceptional visibility to an estimated 20,000 vehicles daily, according to INDOT traffic counts. Recently annexed into the City of Elkhart, the site is zoned B-2: Community Business District with Drive-Thru, allowing for a wide range of commercial uses. Its convenient location is less than three-quarters of a mile from the US 20 Bypass, less than two miles from Lincoln Highway/IN-933, and approximately 3.5 miles from downtown Elkhart. A newly constructed Casey's General Store sits at the corner of SR 19 and County Road 24, further enhancing the area's commercial appeal. The asking price is $895,000, translating to $322,692.30 per acre. Adjacent land is also available for potential expansion. This property offers unparalleled access and visibility, making it an ideal investment for discerning developers seeking a high-impact location in a thriving Indiana market. The address is Charlotte Avenue, Elkhart, IN 46517.

    Property Features for 0 Charlotte Ave

    General Information

    Property type
    Land
    Lot Size
    113,256 SF

    HighLights

    • Elkhart city annexation.
    • Less than a mile from US 20 Bypass.
    • 300 feet of SR 19 frontage.
    • Community Business zoning with drive‑thru permitted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.0102312
    Latitude
    41.6508882

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    FAQs

    What type of property is this?
    Land - Prime 2.6-acre commercial lot, high traffic.
    Where is this land located?
    The property is located at Charlotte Ave Elkhart, IN.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Elkhart city annexation.; Less than a mile from US 20 Bypass.; 300 feet of SR 19 frontage.
    (574) 243-9522
    Request Owner's contact information
    Charlotte Ave Elkhart, IN 46517
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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
    Charlotte Ave Elkhart, IN 46517
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