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1120 Main St Elkhart, IN 46514-3203

OFF-MARKET Industrial properties Google Maps
4.71 ac lot Built 1985
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US31-1124974

Property summary

AI-generated overview

This exceptional Elkhart, Indiana commercial property, located at 1120 N. Main St, zip code 46514, offers a unique blend of office and warehouse space. The 281,434 square foot building sits on a 13.4-acre lot and features a two-story office component totaling over 40,000 square feet, currently available for lease. The building, constructed in 1915 and classified as Class C, boasts a variety of ceiling heights ranging from 14 feet to 28 feet. The warehouse portion encompasses over 181,434 square feet, including a freight elevator servicing the second floor, a testing chamber, and a compressor room. Warehouse features include sections with 25-foot clear ceiling heights, 11 loading docks (10'h x 9'w), and 5 grade-level doors (14'h x 12'w). Ample parking is provided with 320 spaces. The property is zoned I-1 and benefits from robust power capabilities: 480 Volts, 4000 Amps, 3-phase. The property's APN is 20-02-32-454-009.000-027, 20-02-32-451-011.000-027, 20-02-32-456-020.000-027, and is located in Elkhart County. This property presents a significant opportunity for businesses seeking a substantial and versatile space in a prime location within the RV Capital of the World.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1985
Lot 4.71 ac (205,342 SF)
Zoning code ZO01
APN 20-02-32-451-011.000-027
UPID US31-1124974

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2007
4 recorded transactions
2012
Price N/A
2007
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Elkhart, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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