1654 Cassopolis St Elkhart, IN 46514-3123
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Elkhart, INElkhart. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.