0 35.98 +/- Acres On Heaton Lk, Elkhart, IN 46516
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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