1654 Cassopolis StElkhart, IN 46514

Property Details for 1654 Cassopolis St

Year built

1981

Construction

TYPE NOT SPECIFIED

Lot size

0.37 AC

Property size (Sq ft)

2,401 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Turn key restaurants

APN

20-02-32-252-023.000-027

APU

200232252023000027

Description

This exceptional 2,401-square-foot commercial property, located at 1654 Cassopolis Street in Elkhart, Indiana, presents a unique investment opportunity. Built in 1981, this single-story building previously housed a Pizza Hut restaurant and boasts a highly visible corner location. The property benefits from significant traffic volume, with 19,793 vehicles passing daily on Cassopolis Street according to 2023 INDOT data. The B-3 Service Business District zoning allows for diverse uses, making it ideal for a restaurant, retail establishment, or conversion into professional office space. Key features include a prominent pylon sign, enhancing visibility and brand recognition. The asking price is $295,000. This property is situated in Elkhart County, Indiana, with a zip code of 46514. Its convenient location and versatile zoning make it an attractive option for a variety of businesses seeking a high-traffic location in a thriving community. The building's existing infrastructure provides a solid foundation for a new venture, minimizing initial setup costs. The ample square footage offers flexibility in design and layout, allowing for customization to meet specific business needs. This is a rare opportunity to acquire a well-positioned commercial property in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $663,826

  6.5%

  $612,763

  7%

  $568,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $788,080

  Geo Method

  $788,080

• Alternative Use

  Use

  Valuation

  Residential

  $516,888

  Hospitality

  $473,467

  Educational

  $393,919

  Medical

  $407,466

  Retail

  $612,763

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.7062

Longitude

-85.9716

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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