1906 Franklin St Elkhart, IN 46516-1932
This exceptional 1.1-acre commercial land parcel presents a prime retail opportunity in Elkhart, Indiana. Located at the southeast corner of SR 19 and West Franklin Street, this high-visibility site boasts an impressive average annual daily traffic count of 37,395 vehicles (according to MACOG data), ensuring significant exposure for any business. A pre-existing site plan includes a proposed 2,160 square foot building featuring a convenient drive-through and ample parking for 31 vehicles. The property's strategic location is further enhanced by its proximity to numerous established retailers and restaurants, creating a vibrant and thriving commercial environment. Adding to its investment appeal, a billboard situated on the property generates consistent annual income. This property is ideally suited for a variety of commercial ventures seeking a high-traffic location with existing infrastructure and income-generating potential. The address is 1906 W Franklin St, Elkhart, IN 46516, and the lot size is 1.1 acres. The asking price is $199,900. This is a rare opportunity to acquire a well-positioned commercial property in a bustling area.
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Franklin Street Tavern Bar & Pub
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
No recorded transactions found for this property.
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.