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    Property profile & analytics

    113 County Rd 17 Elkhart, IN 46516-5448

    • Turn key restaurants
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US31-3179827
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Arby's / American Restaurant / Deli

    Property Details for 113 County Rd 17

    Year built
    2004
    Lot size
    1.15 lot acres
    Zone code
    ZO01
    Property type
    Turn key restaurants
    APN
    20-02-36-476-021.000-011
    APU
    200236476021000011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $365,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $385,000
      Mixed-Use
      $360,000
      Hospitality
      $300,000
      Educational
      $290,000
      Residential Income
      $285,000
      Energy
      $335,000
      Income-Based Land
      $310,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8892
    Latitude
    41.6996
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,565
    $316,300
    $231,300
    $547,600
    -
    $316,300
    $231,300
    $547,600

    Comparable in this City

    • Value Estimation
      $285,000
      6,370 SF

      742 Main St Ste, Unit 100

      RESTAURANT • 6,370 SF
      742 Main St Ste, Elkhart, IN 46516-3775
      View Details
    • Value Estimation
      $330,000
      1,000 SF

      1430 Nappanee St

      RESTAURANT • 1,000 SF
      1430 Nappanee St, Elkhart, IN 46516-1517
      View Details
    • Value Estimation
      $245,000
      1,560 SF

      231 Main St

      RESTAURANT • 1,560 SF
      231 Main St, Elkhart, IN 46516-3036
      View Details
    • Value Estimation by Request
      1,533 SF

      28479 Old Us 33

      RESTAURANT • 1,533 SF
      28479 Old Us 33, Elkhart, IN 46516-1719
      View Details
    • Value Estimation
      $320,000
      3,475 SF

      1440 Nappanee St

      RESTAURANT • 3,475 SF
      1440 Nappanee St, Elkhart, IN 46516-1517
      View Details
    • Value Estimation
      $325,000
      4,619 SF

      21879 State Rd 120

      RESTAURANT • 4,619 SF
      21879 State Rd 120, Elkhart, IN 46516-5385
      View Details

    Similar Nearby for Sale

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      Established Retail Business For Sale

      Profitable retail business with real estate on a busy street.
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    • Contact for pricing
      1,272 SF

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      Retail space with excellent visibility and easy highway access.
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    Similar Nearby for Lease

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    • $12 SF/Yr

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      Retail space with original features in a walkable downtown setting.
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      Elkhart Bar/Restaurant Space Available

      Commercial property suitable for a bar or restaurant in Elkhart.
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    • Contact for pricing
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      Elkhart, IN Retail/Office Opportunity
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    • $14 SF/Yr
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      Downtown Elkhart Office Space

      750 SF Executive Office Suite Available
      516 Main St, Elkhart, IN 46516
      View Details

    Property Visit Statistics

    • Visits by month
      19.1k
    • Visitors by month
      13.4k
    • Avg Time on site
      11 min
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    Elkhart, IN 46516-5448
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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