1104 Bristol St Elkhart, IN 46514-2114
- Strip malls
- 25,200 SF
- 3.80 lot acres
Mar 06, 2023
Current Use by Public Records
- Beacon Occupational Health Bristol Street / Occupational Medical Physician
- Dr. Christine M. Cisneros / Family Practice Physician
Property Details for 1104 Bristol St
- Year built
- 1967
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.80 lot acres
- Property size
- 25,200 SF
- Zone code
- ZO01
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 20-02-31-253-023.000-027
- APU
- 200231253023000027
Description
This fee-simple retail investment property, known as Shops on Bristol, presents a compelling value-add opportunity in Elkhart, Indiana. Located at 1104 W Bristol St, Elkhart, IN 46514, this shopping center encompasses 71,236 square feet across two single-story buildings situated on a 3.8-acre lot. Built in 1967 and extensively renovated in 2024, the property features 15 units currently at 28% occupancy. Recent improvements include a new roof, upgraded parking lot, enhanced lighting, and modernized pylon signage. All tenants are on month-to-month leases, allowing for immediate lease-up and potential for increased rental income. The asking price is $2,750,000, translating to $38.60 per square foot. This unanchored neighborhood center offers significant potential for an investor seeking to capitalize on the improving market conditions and the recent property enhancements. The property's location in Elkhart, approximately 30 minutes east of South Bend, Indiana, provides convenient access to a substantial consumer base.
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
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.9917
- Latitude
- 41.7032
- CBSA code
- 21140
- CBSA name
- ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
