Property summary
This exceptional 40-acre commercial land parcel is situated at the northeast corner of County Road 26 and State Road 19 in Elkhart, Indiana, zip code 46517. Conveniently located just off the US 20 Bypass and SR 19 interchange, this property boasts high visibility and accessibility. The site offers a range of development possibilities, including hotels, office/commercial services, senior living facilities, convenience stores, or specialty retail establishments. The property's dimensions are approximately 1800 feet by 900 feet and can be subdivided into smaller parcels to suit individual needs. It's adjacent to the former American Countryside Farmers' Market, providing additional synergy and potential for complementary businesses. A traffic light at the intersection of SR 19 and CR 26 ensures excellent traffic flow and visibility. The property benefits from readily available water and sewer services, as well as fiber optic cable along CR 26. Daily traffic counts on US 20 reach approximately 30,000 vehicles, indicating significant potential for high customer traffic. The asking price ranges from $32,500 to $125,000 per acre, with a total asking price of $5,000,000. Additional acreage is also available on the northwest corner of SR 19 and CR 26. This is a truly unique opportunity to acquire a strategically located and highly versatile commercial land parcel in a thriving Indiana market.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
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