Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    510-740 Lincoln Ave Goshen, IN 46526
    Back to Search
    Property profile & analytics

    510-740 Lincoln Ave Goshen, IN 46526

    View on Map
    • Retail properties & Spaces
    • 115,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 510-740 Lincoln Ave

    Property size
    115,000 SF
    Property type
    Retail properties & Spaces

    Description

    Linway Plaza offers a prime 7,500-square-foot retail storefront space within a well-established, 115,000-square-foot shopping center located at 510-740 W Lincoln Ave, Goshen, Indiana, 46526. This multiple-tenancy property boasts a diverse and successful tenant mix, including a cinema, restaurant, paint store, and a Bureau of Motor Vehicles branch, ensuring consistent foot traffic. The center enjoys a highly visible location on Lincoln Avenue, with 600 feet of frontage providing excellent site lines and attracting customers. Abundant parking is available for shoppers and employees. The property's strategic location on Goshen's north side, just west of the thriving downtown area and only 0.3 miles from US 33 and S. 3rd Street, offers easy access and high visibility. The surrounding area features a significant residential population, providing a strong customer base. The property is zoned commercial and situated in Elkhart County. This exceptional opportunity presents a chance to establish or expand a business in a vibrant and well-established retail center. The space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Goshen
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8434
    Latitude
    41.5856

    Comparable in this City

    • Value Estimation by Request
      8,320 SF

      1819 Elkhart Rd

      DEPARTMENT STORE • 8,320 SF
      1819 Elkhart Rd, Goshen, IN 46526-1111
      View Details
    • Value Estimation by Request
      115,000 SF

      510 Lincoln Ave

      Retail properties & Spaces • 115,000 SF
      510 Lincoln Ave, Goshen, IN 46526
      View Details
    • Value Estimation by Request
      65,753 SF

      2008-2028 Lincolnway

      Neighborhood centers • 65,753 SF
      2008-2028 Lincolnway, Goshen, IN 46526
      View Details
    • Value Estimation by Request
      0.03 Acres

      1912 Elkhart Rd

      PARKING LOT • 0.03 Acres
      1912 Elkhart Rd, Goshen, IN 46526-1158
      View Details
    • Value Estimation by Request
      0.03 Acres

      1912 Elkhart Rd

      PARKING LOT • 0.03 Acres
      1912 Elkhart Rd, Goshen, IN 46526-1158
      View Details
    • Value Estimation by Request
      0.12 Acres

      Pike St

      PARKING LOT • 0.12 Acres
      Pike St, Goshen, IN 46526
      View Details

    Similar Nearby for Sale

    • $350,000
      6,970 SF

      Mixed-Use Property on Main Street

      Historic mixed-use property with parking in Goshen, Indiana.
      118-116 North Main St, Goshen, IN 46526
      View Details
    • $299,000
      0.16 Acres

      Mixed-Use Property on Main Street

      Historic mixed-use property with office/retail space and residential potential.
      118 N Main St, Goshen, IN 46526
      View Details
    • Contact for pricing
      3,132 SF

      Elkhart Road Commercial Property

      Office and garage/shop space with high visibility on US 33.
      2600 Elkhart Rd, Goshen, IN 46526
      View Details
    • $293,750
      3.63 Acres

      Goshen Commercial Land - $293,750

      3.63 Acres, High-Traffic Location
      1763 Lincolnway, Goshen, IN 46526
      View Details
    • $1,150,000
      28,700 SF

      Downtown Goshen Mixed-Use Opportunity

      Iconic property with office and warehouse space in Goshen.
      114 S Main St, Goshen, IN 46526
      View Details
    • $1,444,900
      0.48 Acres

      Multi-Functional Office Building in Goshen

      Updated office building with multiple levels and business service potential.
      301 W Lincoln Ave, Goshen, IN 46526
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,000 SF

      Goshen Office Space: Main Street Charm

      Historic Office, 1000 sq ft, High Visibility
      202 Main St, Goshen, IN 46526
      View Details
    • Contact for pricing
      21,470 SF

      Retail Center Shadow Anchored

      Retail spaces available in a Walmart shadow-anchored center.
      4026 Elkhart Rd, Goshen, IN 46526
      View Details
    • Contact for pricing

      Established Retail Center For Rent

      High-traffic retail center with varied tenant mix and excellent visibility.
      510 W Lincoln Ave, Goshen, IN 46526
      View Details
    • Contact for pricing
      7,650 SF

      Retail Space Available For Rent

      Retail property with 7,650 square feet available for lease.
      3802-3938 Midway Rd, Goshen, IN 46526
      View Details
    • $18 SF/Yr
      4,597 SF

      Versatile Commercial Space in Goshen

      Multi-tenant building with space for retail or office uses.
      1021 E Kercher Rd, Goshen, IN 46526
      View Details
    • $7 SF/Yr

      Downtown Goshen Multifunctional Office Space

      Main floor office space for lease in downtown Goshen.
      301 W Lincoln Ave, Goshen, IN 46526
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    510-740 Lincoln Ave
    Goshen, IN 46526
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    510-740 Lincoln Ave, Goshen, IN, 46526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!