Current Use by Public Records
- Land
Property Details for 67001 In-15
- Lot size
- 50.00 lot acres
- Property type
- Land
Description
This exceptional 50-acre commercial property in Elkhart County, Indiana, presents a remarkable development opportunity. Located at 67001 IN-15, New Paris, IN 46553, the land boasts 2,000 feet of road frontage along State Road 15, divided into north (approximately 1158 feet) and south (approximately 930 feet) sections. Additional access is provided by 1,000 feet of frontage along County Road 123, which intersects with SR 15. Further road frontage includes 360 feet along County Road 142, featuring an existing curb cut (Fernbrook Road) and an adjacent outlot already sold. The property features flat Oshtemo (sandy) soil, ideal for development and road construction. The site is served by the New Paris Conservancy District's public sewer system, though a private well will be needed for water, a common practice in the area. Currently zoned B-3 with a Planned Unit Development (PUD) overlay, the property allows for various business uses. A Maycog traffic count in April 2021 recorded 10,896 vehicles per day on SR 15. The seller prefers a whole-parcel sale, but will consider offers with contingencies and due diligence periods. A lease-back option for farming the undeveloped land is available at $200 per acre annually. The asking price is $2,000,000. The APN is 20-15-04-200-009.000-018. Potential buyers are encouraged to consult with Elkhart County Planning and Zoning to determine project feasibility.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Paris
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.8284
- Latitude
- 41.5225
