1900 Berry St Elkhart, IN 46514
- Strip malls
- 12,972 SF
- 1.26 lot acres
Current Use by Public Records
- Volcano Pizza / Poplar Court / Pizza Restaurant / Italian Restaurant
- George's Jewelry Repair / Jewelry Repair Service
- Poplar Court / Business Center
- Farmers Insurance / Insurance Agency
- Pat Graham- Graham Millslagle Group/Keller Williams Realty / Real Estate Agent
Property Details for 1900 Berry St
- Year built
- 1985
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.26 lot acres
- Property size
- 12,972 SF
- Zone code
- ZO01
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 20-02-33-284-011.000-027
- APU
- 200233284011000027
Description
This 13,075 square foot, single-story retail center in Elkhart, Indiana, offers two available spaces totaling 7,195 square feet. One space, previously a butcher shop, comprises 5,045 square feet and includes existing coolers, freezers, stainless steel tables, sinks, and additional kitchen equipment. The second space measures 2,150 square feet. Located at 1900 Berry St, Elkhart, IN 46514, this Class C property sits on a 1.26-acre lot and was built in 1985. The center features shared pylon and marquee signage, gas forced heat, central air conditioning, fluorescent lighting, storefront windows, individually metered utilities, and ample on-site parking. The building is served by 200-amp single-phase power. Zoned B-1 Neighborhood Commercial, the property allows for a diverse range of commercial uses. Tenants are responsible for their utilities, interior janitorial services, trash removal, and phone/computer/data costs. The property is conveniently located near Volcano Pizza, an established anchor tenant. This well-maintained, locally-owned and managed center presents a great opportunity for businesses seeking a prime location in Elkhart. The APN is 20-02-33-284-011.000-027.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $475,000
- 6.5%
- $570,000
- 7%
- $495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $530,000
- Mixed-Use
- $530,000
- Hospitality
- $500,000
- Educational
- $425,000
- Residential Income
- $485,000
- Energy
- $430,000
- Income-Based Land
- $570,000
- Food Service
- $535,000
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.9475
- Latitude
- 41.7036
- CBSA code
- 21140
- CBSA name
- ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
