2811 Cassopolis St Elkhart, IN 46514
- Grocery and convenience stores
- 1,124 SF
- 0.38 lot acres
Current Use by Public Records
- Exxon / Gas Station
- NEW FRIENDLY EXPRESS / Gas Station
- ATM Key Bank / Atm
Property Details for 2811 Cassopolis St
- Year built
- 2000
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.38 lot acres
- Property size
- 1,124 SF
- Zone code
- ZO01
- Property type
- Grocery and convenience stores
- APN
- 20-02-20-453-024.000-027
- APU
- 200220453024000027
Description
This exceptional commercial property at 2811 Cassopolis Street in Elkhart, Indiana, presents a rare investment opportunity. Situated on a 0.38-acre lot along one of Elkhart's busiest thoroughfares, this property enjoys unparalleled visibility and accessibility, ensuring maximum exposure to a substantial daily traffic volume of 28,000 vehicles. Its strategic location just south of the Toll Road and surrounded by thriving hotels and restaurants guarantees year-round activity and a consistent customer base. The property's existing infrastructure includes fuel tanks that are in good condition and were last inspected in December 2024 (supporting documentation available). The interior features versatile retail space, well-suited for a variety of businesses. This includes dedicated areas for dry goods display, cold drink refrigeration, and a soft drink dispensing system. The property's high traffic count, prime location, and existing infrastructure make it an ideal investment for entrepreneurs and investors seeking a high-return opportunity in a dynamic and growing market. This is a chance to acquire a well-positioned commercial property with significant potential for immediate revenue generation and long-term growth. The asking price is $775,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $380,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $365,000
- Mixed-Use
- $345,000
- Hospitality
- $445,000
- Educational
- $385,000
- Residential Income
- $385,000
- Energy
- $455,000
- Income-Based Land
- $405,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.9735
- Latitude
- 41.7253
- CBSA code
- 21140
- CBSA name
- ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
