Property profile

516 Co Rd Elkhart, IN 46514

OFF-MARKET
Lifestyle centers
3.2 ac lot Built 1977
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Property summary

AI-generated overview

This exceptional commercial development opportunity is situated on a prime 3.2-acre lot in Elkhart, Indiana, boasting 726 feet of frontage on County Road 6 and a depth of 317 feet. The property, zoned B-2 and located within a Tax Increment Financing (TIF) district, benefits from high daily traffic counts exceeding 22,000 vehicles. The site includes two existing structures: a 5,367 square-foot block building and a residential structure. The property also encompasses vacant land to the north and west, offering significant expansion potential. The property's strategic location is further enhanced by its proximity to established businesses such as McDonald's and a Marathon gas station. Built in 1977, this single-story property presents a unique chance to capitalize on a high-traffic corridor. The current tenant will vacate by February 2025, providing immediate opportunity for redevelopment or lease. The asking price is $3,695,000. The property addresses include 516 and 600 County Road 6, Elkhart, IN 46514. This is a rare chance to acquire a substantial commercial property in a thriving location.

Property profile

Verified
Property type Lifestyle centers
Year built 1977
Lot 3.2 ac (139,392 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

516 Co Rd Elkhart, IN 46514
Elkhart metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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