Property profile

7A Parkway Ave Elkhart, IN 46516

OFF-MARKET
Land
8.25 ac lot
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Property summary

AI-generated overview

This exceptional 8.25-acre parcel, located at 7A Parkway Avenue in Elkhart, Indiana, presents a prime opportunity for residential or mixed-use development. The property, identified by APN 20-07-07-351-002.000-039, boasts a substantial lot size of 359,370 square feet and is conveniently situated in Elkhart County, zip code 46516 (latitude 41.6758525, longitude -85.8859598). This "shovel-ready" site offers significant advantages to developers, eliminating lengthy pre-development hurdles. Existing infrastructure includes readily accessible roads, city water, and city sewer connections, minimizing upfront infrastructure costs and expediting the project timeline. The asking price for this exceptional development opportunity is $2,351,250. Its prime location and comprehensive utilities make it an ideal site for a variety of residential projects, potentially including single-family homes, townhouses, or a mixed-use development incorporating residential and commercial components. The property's size and location within Elkhart offer substantial potential for a high-return investment. This is a rare opportunity to acquire a fully serviced, large-scale development parcel in a desirable Indiana location. Interested parties should conduct their own due diligence.

Property profile

Verified
Property type Land
Lot 8.25 ac (359,370 SF)

Cap rate & NOI

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

Location

7A Parkway Ave Elkhart, IN 46516
Elkhart metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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