0 Emerson Dr Elkhart, IN 46514
This exceptional 1-acre commercial land parcel presents a remarkable development opportunity in the thriving Elkhart, Indiana market. Located at the address of Emerson Dr, Elkhart, IN 46514, this property boasts a prime location, zoned PUD (Planned Unit Development), offering significant flexibility for a variety of commercial projects. The lot, approximately 225 feet by 125 feet (exact dimensions to be verified by survey upon purchase, should the buyer request a more precise measurement), is ideally situated behind Arby's on Cassopolis Street and across Emerson Street from the AMC Theater. This high-traffic area benefits from exceptional visibility and accessibility, surrounded by a robust mix of established businesses and new developments. Nearby retail anchors include a new Meijer and Chick-fil-A, ensuring a strong customer base and high foot traffic. The property's proximity to the Highland Apartments further enhances its appeal, providing a built-in residential market. This is a rare chance to acquire a strategically positioned commercial lot in a rapidly growing area, making it an ideal investment for developers seeking a high-return opportunity. The asking price for this exceptional property is $450,000. Don't miss this chance to secure your place in Elkhart's vibrant commercial landscape.
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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.