Property profile

1416 Cassopolis St Elkhart, IN 46514

OFF-MARKET
Strip malls
Property ID
US31-0042118
12,740 SF 0.85 ac lot Built 1992
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-story, 12,740-square-foot office building, constructed in 1992 and renovated in 2007, is situated on a 37,026-square-foot lot at 1416 Cassopolis Street, Elkhart, IN 46514. The property features six suites in total, with one suite currently vacant, offering 3,000 square feet of readily available space. The vacant suite boasts a built-out configuration including larger offices, conference rooms, a kitchen, and open areas. This freestanding building shares a parking lot with an adjacent Walgreens, providing ample parking for tenants and customers. Located at the intersection of Bristol and Cassopolis Streets, this property benefits from high visibility and strong traffic flow. The building's existing tenants have occupied the space since 2008, demonstrating the location's desirability and stability. The property has a 200-amp, 3-phase electrical power supply. Property taxes are $1.27 per square foot. The Elkhart County APN is 200232426017000027. This is a prime opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving Elkhart commercial area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1992
Construction TYPE NOT SPECIFIED
Total area 12,740 SF
Lot 0.85 ac (37,026 SF)
Zoning code ZO01
APN 20-02-32-426-017.000-027
UPID US31-0042118

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
  • Mobile Phone Store Electronics & Wireless Store
  • Financial Advisor
  • Financial Advisor

Location

1416 Cassopolis St Elkhart, IN 46514-3210
Elkhart metro Census 1601 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2022
Price N/A
2022
Price N/A
2012
Price N/A
2010
Price N/A
2007
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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