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Property profile

1900 Berry St Elkhart, IN 46514

FOR LEASE
Strip malls
Property ID
US31-3519956
12,972 SF 1.26 ac lot Built 1985
Individually Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 13,075 square foot, single-story retail center in Elkhart, Indiana, offers two available spaces totaling 7,195 square feet. One space, previously a butcher shop, comprises 5,045 square feet and includes existing coolers, freezers, stainless steel tables, sinks, and additional kitchen equipment. The second space measures 2,150 square feet. Located at 1900 Berry St, Elkhart, IN 46514, this Class C property sits on a 1.26-acre lot and was built in 1985. The center features shared pylon and marquee signage, gas forced heat, central air conditioning, fluorescent lighting, storefront windows, individually metered utilities, and ample on-site parking. The building is served by 200-amp single-phase power. Zoned B-1 Neighborhood Commercial, the property allows for a diverse range of commercial uses. Tenants are responsible for their utilities, interior janitorial services, trash removal, and phone/computer/data costs. The property is conveniently located near Volcano Pizza, an established anchor tenant. This well-maintained, locally-owned and managed center presents a great opportunity for businesses seeking a prime location in Elkhart. The APN is 20-02-33-284-011.000-027.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 12,972 SF
Lot 1.26 ac (54,886 SF)
Zoning code ZO01
APN 20-02-33-284-011.000-027
UPID US31-3519956

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
  • Restaurant
  • (Bike/Boat/Book/etc) Store
  • Business Service Center Corporate Office
  • Insurance Agency
  • Real Estate Agency

Location

1900 Berry St Elkhart, IN 46514
Elkhart metro Census 1702 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2015
5 recorded transactions
2018
Price N/A
2015
Price N/A
2015
Price N/A
2005
Price N/A
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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