Property profile

1178 Fremont Ct Elkhart, IN 46516

OFF-MARKET
Office Spaces
Property ID
US31-3094485
6,000 SF 1.63 ac lot Built 2004
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional sublease opportunity in Elkhart County awaits a new tenant. This 3,500 square foot space, part of a 5,500 square foot, two-tenant building, offers 19 individual rooms and a 500 square foot upper-level conference room. The current lease runs until July 31, 2026, but the landlord is open to negotiating a longer-term agreement. The space boasts an open lobby area and ample room for staff, making it ideal for a variety of businesses. The building is conveniently located off CR 17, providing excellent visibility and signage opportunities. This is a traditional office space suitable for medical practices as well. All utilities, snow removal, taxes, insurance, and HVAC maintenance are covered by the landlord; the tenant reimburses an estimated $7.48 per square foot monthly. The co-tenant is Heart to Heart Hospice. This versatile space presents numerous possibilities for a discerning business seeking a move-in ready location with excellent amenities. The property is situated in Elkhart County and has a cross street of Verdant Dr. This is a rare opportunity to secure a well-maintained, fully-serviced office space in a prime location. Don't miss out on this chance to establish your business in a thriving area.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2004
Construction WOOD
Total area 6,000 SF
Lot 1.63 ac (71,003 SF)
Zoning code ZO01
APN 20-06-12-476-008.000-011
UPID US31-3094485

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Alternative Medicine Practice
  • Nursing Home
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Location

1178 Fremont Ct Elkhart, IN 46516-9321
Elkhart metro Census 1902 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$493k
Blend (final) Blend
$550k

Owner & transaction history

1 recorded transaction
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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