516 Co Rd Elkhart, IN 46514
- Lifestyle centers
- 3.20 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 516 Co Rd
- Year built
- 1977
- Lot size
- 3.20 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.971
- Latitude
- 41.7246
