2020 Industrial PkwyElkhart, IN 46516

Property Details for 2020 Industrial Pkwy

Year built

1967

Construction

TYPE NOT SPECIFIED

Lot size

3.37 AC

Property size (Sq ft)

29,970 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

20-06-03-403-003.000-012

APU

200603403003000012

Description

This exceptional 24,970 square foot medical office building is situated on a 3.37-acre lot at 2020 Industrial Parkway in Elkhart, Indiana, zip code 46516. Constructed in 1967, the property boasts a desirable ZO01 permitted zoning classification. The building offers a versatile layout, including 5,000 square feet of warehouse space, ideal for storage or specialized medical equipment. High ceilings, measuring 12 feet, provide ample vertical space. Access is convenient with one grade-level door and one dock door. Ample parking is available with 60,000 square feet of paved parking, accommodating approximately 100 vehicles. The property enjoys a prime location on the south side of Elkhart, offering excellent visibility and accessibility. Its proximity to the US 20/31 Bypass, approximately half a mile away, ensures easy access for patients and staff. This presents a unique opportunity to acquire a well-established medical office building in a thriving Indiana community. The asking price for this property is $899,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,636,788

  6.5%

  $5,203,188

  7%

  $4,831,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,903,592

  Geo Method

  $3,903,592

• Alternative Use

  Use

  Valuation

  Residential

  $6,451,954

  Hospitality

  $5,909,955

  Educational

  $4,917,013

  Medical

  $5,086,117

  Retail

  $7,648,687

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6874

Longitude

-85.9332

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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