2515 Old Elkhart, IN 46516
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.