30500 Indiana Ave, Elkhart, IN 46516
This exceptional 145-acre property in Baugo Township, Elkhart County, Indiana, presents a remarkable investment opportunity. Located at the intersection of Indiana Avenue (CR 16), CR 1, and Ash Road, this expansive parcel boasts convenient road frontage and accessibility. The land features flat, sandy soil ideal for development, making it highly suitable for various projects. Currently zoned M2 with a Planned Unit Development (PUD) overlay, rezoning to Agricultural or Residential is considered straightforward. City water is readily available, simplifying infrastructure considerations. The asking price is $2,900,000. This property's versatility is further enhanced by its location in Elkhart, Indiana, zip code 46516, with coordinates 41.6789764 latitude and -86.0522251 longitude. Offers with due diligence periods and contingencies are welcomed. Explore the numerous possibilities this expansive tract offers for residential or other permitted developments. The flat terrain and readily available utilities make this a highly attractive proposition for developers seeking a prime location in a desirable area. Don't miss this chance to acquire a significant land holding with exceptional potential.
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.
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.