322 Elkhart Ave Elkhart, IN 46516
This exceptional Class A commercial space, located in Elkhart, Indiana's vibrant Riverwalk District, offers 3,767 square feet of versatile space ideal for restaurant, retail, or medical office use. Situated in a newly constructed, fully leased, 205-unit luxury mixed-use development, this end-cap unit boasts ample parking, both behind the building and street-front. The space features a convenient overhead roll-up door, perfect for a restaurant with outdoor patio potential. This prime location is surrounded by new developments, including a new Martin's grocery store and multi-family projects, ensuring high visibility and foot traffic. The zoning is Commercial Retail, and the space is part of a larger development with additional land available for purchase or build-to-suit opportunities. The minimum divisible space is 1,883 square feet, with a maximum contiguous space of 3,767 square feet. The building itself totals 6,315 square feet and is a single-story structure. Located at 322 S Elkhart Ave, Elkhart, IN 46516, this property presents a unique opportunity within the thriving Downtown Elkhart CBD. A tenant allowance is available to assist with build-out. The property is in the Mishawaka, Goshen, Osceola, Bristol, Goshen, Granger, South Bend submarket and is within Elkhart County.
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Indiana Farm Bureau Insurance Insurance Agency
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.