Property profile

1654 Cassopolis St Elkhart, IN 46514

OFF-MARKET
Turn key restaurants
Property ID
US31-0555974
2,401 SF 0.37 ac lot Built 1981
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,401-square-foot commercial property, located at 1654 Cassopolis Street in Elkhart, Indiana, presents a unique investment opportunity. Built in 1981, this single-story building previously housed a Pizza Hut restaurant and boasts a highly visible corner location. The property benefits from significant traffic volume, with 19,793 vehicles passing daily on Cassopolis Street according to 2023 INDOT data. The B-3 Service Business District zoning allows for diverse uses, making it ideal for a restaurant, retail establishment, or conversion into professional office space. Key features include a prominent pylon sign, enhancing visibility and brand recognition. The asking price is $295,000. This property is situated in Elkhart County, Indiana, with a zip code of 46514. Its convenient location and versatile zoning make it an attractive option for a variety of businesses seeking a high-traffic location in a thriving community. The building's existing infrastructure provides a solid foundation for a new venture, minimizing initial setup costs. The ample square footage offers flexibility in design and layout, allowing for customization to meet specific business needs. This is a rare opportunity to acquire a well-positioned commercial property in a desirable area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1981
Construction TYPE NOT SPECIFIED
Total area 2,401 SF
Lot 0.37 ac (16,117 SF)
Zoning code ZO01
APN 20-02-32-252-023.000-027
UPID US31-0555974

Cap rate & NOI

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

Location

1654 Cassopolis St Elkhart, IN 46514-3123
Elkhart metro Census 1601 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2024
Price N/A
2006
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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