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    Property profile & analytics

    1700 Toledo Rd Elkhart, IN 46516-5604

    • Turn key restaurants
    • 4,748 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US31-0138947
    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

    • Mariscos Don Miguel Estilo Nayarit / Seafood Restaurant / Mexican Restaurant
    • El Dulce Mundo De Analia / Candy Store
    • Mariscos Don Miguel / Mexican Restaurant

    Property Details for 1700 Toledo Rd

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.80 lot acres
    Property size
    4,748 SF
    Zone code
    ZO01
    Property type
    Turn key restaurants
    APN
    20-06-10-127-013.000-012
    APU
    200610127013000012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $400,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $375,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $370,000
      Mixed-Use
      $405,000
      Hospitality
      $435,000
      Educational
      $335,000
      Residential Income
      $340,000
      Energy
      $425,000
      Income-Based Land
      $410,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9379
    Latitude
    41.6779
    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
    $10,559
    $55,900
    $107,000
    $162,900
    -
    $55,900
    $107,000
    $162,900

    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
      $340,000
      1.15 Acres

      113 County Rd 17

      RESTAURANT • 1.15 Acres
      113 County Rd 17, Elkhart, IN 46516-5448
      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
      $320,000
      2,784 SF

      1147 Ctr St

      RESTAURANT • 2,784 SF
      1147 Ctr St, Elkhart, IN 46516-4559
      View Details
    • Value Estimation
      $320,000
      2,074 SF

      1724 Nappanee St

      RESTAURANT • 2,074 SF
      1724 Nappanee St, Elkhart, IN 46516-1705
      View Details

    Similar Nearby for Sale

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      Adaptable commercial space suitable for various business ventures.
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      Elkhart Retail & Storage Opportunity

      High-traffic retail/storage complex, great potential.
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    • $1,200,000
      11,172 SF

      Established Retail Business For Sale

      Profitable retail business with real estate on a busy street.
      1333 S Nappanee St, Elkhart, IN 46516
      View Details
    • Contact for pricing
      1,272 SF

      Retail Space on Nappanee Road

      Retail space with excellent visibility and easy highway access.
      1206 N Nappanee St, Elkhart, IN 46516
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    • $800,000
      5,000 SF

      Elkhart Office Building: 5,000 SF

      Prime Elkhart office space, turnkey shell.
      1101 Pkwy # 300 Ave, Elkhart, IN 46516
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      4,242 SF

      Elkhart Retail Space - Great Location!

      4,242 sq ft Office/Retail Space. Prime Elkhart location.
      2515 Old, Elkhart, IN 46516
      View Details
    • $16 SF/Yr
      10,560 SF

      Elkhart Office Space For Lease

      1,560 SF Office Suite Available
      830 Parkway Ave, Elkhart, IN 46516
      View Details
    • $12 SF/Yr

      Charming Retail Space in Elkhart

      Retail space with original features in a walkable downtown setting.
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    • $3,500 /Mo
      2,320 SF

      Elkhart Bar/Restaurant Space Available

      Commercial property suitable for a bar or restaurant in Elkhart.
      112 E Lexington Ave, Elkhart, IN 46516
      View Details
    • Contact for pricing
      6,315 SF

      Riverwalk District End Cap Space

      Elkhart, IN Retail/Office Opportunity
      322 Elkhart Ave, Elkhart, IN 46516
      View Details
    • $14 SF/Yr
      11,700 SF

      Downtown Elkhart Office Space

      750 SF Executive Office Suite Available
      516 Main St, Elkhart, IN 46516
      View Details
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    Elkhart, IN 46516-5604
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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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