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    30500 Indiana Ave, Elkhart, IN 46516

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    Property summary
    AI-generated overview

    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.

    Property profile
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    Property type Land
    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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    Owner & transaction history
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    Permitted uses
    Allowed · conditional · prohibited
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