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Property profile & analytics
FOR LEASE
Turn key restaurants

107 Northpointe Blvd Elkhart, IN 46514

5,264 SF 0.89 ac lot Built 1995
Entity Owned Free & Clear
Property ID
US31-0129927
Property summary
AI-generated overview

This exceptional investment opportunity presents the chance to acquire two established Perkins Restaurant locations in Elkhart, Indiana. The combined asking price for both properties is $1,895,000. The Elkhart location, situated at 107 Northpointe Blvd, Elkhart, IN 46514, includes the real estate in the sale. This 5,264 square foot storefront sits on a 0.89-acre lot (APN: 20-02-20-251-035.000-027) and boasts a prime location on Cassopolis St/SR 19, directly off the I-80/90 exit. The property, built in 1995, benefits from a high-density hotel area surrounding it, ensuring consistent customer traffic. The sale includes the franchise, goodwill, furnishings, fixtures, and equipment. The business generates gross revenue exceeding $1.1 million annually. Importantly, local management will remain in place post-sale, providing continuity and operational expertise. The property is zoned for commercial use. This is a turnkey opportunity to own a profitable, established restaurant business with significant growth potential. The South Bend location must be purchased concurrently with the Elkhart location to complete the acquisition. This is a rare chance to own a well-established, high-performing restaurant franchise in a prime location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1995
Construction TYPE NOT SPECIFIED
Total area 5,264 SF
Lot 0.89 ac (38,768 SF)
Zoning code ZO01
APN 20-02-20-251-035.000-027
UPID US31-0129927
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Elkhart Breakfast Optimist Club Nightclub Music Venue
  • Perkins Restaurant & Bakery Restaurant
  • MrBeast Burger Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
R & E REAL EST INC
R & E REAL EST INC
Zoning & alternative use
ZO01 · Elkhart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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