7A Parkway Ave, Elkhart, IN 46516
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.