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Financial
Distress signals
Property profile

3535 S Main St Elkhart, IN 46517

FOR SALE
Turn key restaurants
Property ID
US31-0047684
6,872 SF 1.38 ac lot Built 1985
Last sale Nov 2020 · $390,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 6,872-square-foot free-standing restaurant property located on an out lot along a high-traffic corridor, configured with a large kitchen and food prep area and a private party room. The property includes on-site parking for 83 vehicles and is suitable for restaurant or retail use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$373k
Assessed land$215k
Assessed improvement$158k
Effective rate3.05%

Value estimate

· Oct 2026
$450k
$405k – $495k
AI approach$420k
NOI build-up
Gross scheduled income$124k
Vacancy & credit loss−$5k
Operating expenses−$30k
NOI · 17.85% cap applied$89k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
17.85%
$89k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ZO01
JurisdictionELKHART

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply17.2
Law Firm16.2
Restaurant13.5

Location

3535 S Main St Elkhart, IN 46517
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2425 Main, Elkhart, IN 46517-4722 $400,000 May 2025 3,776 SF
2693 Main, Elkhart, IN 46517-2617 $35,400 Jan 2024 9,939 SF
4542 Elkhart, Elkhart, IN 46517-3571 $6,900,000 Jul 2022 16,238 SF
245 Hively, Elkhart, IN 46517-2112 $450,000 Aug 2021 3,770 SF
2850 Main, Elkhart, IN 46517-2709 $425,000 Jun 2021 8,631 SF
2929 Ferndale, Elkhart, IN 46517-8789 $2,181,818 Sep 2020 3,398 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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