1021 E Kercher Rd Goshen, IN 46526
- Strip malls
- 11,020 SF
- 1.61 lot acres
Current Use by Public Records
- Big C's BBQ / Restaurant
Property Details for 1021 E Kercher Rd
- Year built
- 2021
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.61 lot acres
- Property size
- 11,020 SF
- Zone code
- ZO01
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 20-11-22-451-008.000-015
- APU
- 201122451008000015
Description
This exceptional 12,000 square foot shopping center in Goshen, Indiana, presents a compelling investment opportunity. Built in 2021, the single-story building sits on a 1.61-acre lot (APN 20-11-22-451-008.000-015) and is zoned Goshen9. Currently, 48% occupied (6,200 net rentable square feet) by two tenants under 10-year leases commencing April 20, 2023, and expiring April 20, 2033, the property offers significant upside. The existing tenants, Big C's BBQ and The Coffee Depot, contribute to a strong, established base. An additional 6,200 square feet of versatile space is available for lease, ideal for retail or office use, and easily adaptable to accommodate 2-3 additional tenants. The property benefits from its strategic location near an industrial park, established residential areas, and a planned 1,200-home subdivision, promising substantial future growth. The asking price is $1,800,000 ($150/sq ft). This high-quality, low-maintenance property offers a strong return on investment and long-term lease security. The property's prime location and development potential make it an attractive addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Goshen
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.8141
- Latitude
- 41.5521
- CBSA code
- 21140
- CBSA name
- ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
