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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2515 Old Elkhart, IN 46516

Property ID
Property summary
AI-generated overview

This exceptional 4,242 square foot commercial property, located at 2515 Old U.S. 20 in Elkhart, Indiana (zip code 46516), presents a fantastic opportunity for a single tenant. The property is zoned B-3 and is classified as retail, restaurant, and office space, currently configured as a traditional office. Its strategic location offers significant advantages. Situated just west of County Road 17 on Old US 20, it benefits from high visibility and convenient access. The property enjoys a strong surrounding area, with the Retreat Apartments located directly behind and the Elkhart Industrial Park conveniently across the street. This ensures a steady flow of potential customers and employees. Currently, the space houses Creative Touch Nails and US 20 Discount Groceries. An attractive incentive is available: three months of free rent are offered with a 24-month lease agreement. This property is ideal for businesses seeking a well-positioned, spacious, and readily available commercial space in a thriving Elkhart location. The property's size and zoning make it suitable for a variety of uses within the permitted categories.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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