Property profile

0 35.98 +/- Acres On Heaton Lk Elkhart, IN 46516

OFF-MARKET
Land
35.98 ac lot
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Property summary

AI-generated overview

This exceptional 35.98 +/- acre commercial property in Elkhart, Indiana, presents a unique investment opportunity. Boasting over 1,500 feet of Heaton Lake frontage, the land offers diverse terrain including wooded wetlands, marshland grasses, and mature hardwoods such as maple, oak, black cherry, and hickory. Two water features traverse the property: a culvert waterway along the access lane and Puterbaugh Creek on the west end. The property includes approximately 4.5 +/- acres suitable for development. Existing trails are perfect for hiking or ATV use, and the abundant wildlife, including deer, turkey, and waterfowl, makes it ideal for hunting (located in a deer reduction zone allowing two antlered deer harvests annually, September-January). City sewer and electric access are available. The property features gated access off County Road 4, with a path leading to the lake. Its proximity to the 80/90 toll road and County Road 17 ensures convenient access. Community lake access is also nearby. This secluded property offers marketable timber and exceptional recreational potential, including opportunities for a boardwalk or pier. APN: 20-02-23-226-002.000-026

Property profile

Verified
Property type Land
Lot 35.98 ac (1,567,289 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35.98 +/- Acres On Heaton Lk Elkhart, IN 46516
Elkhart metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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