Technical
Financial
Distress signals
Property profile

1906 Franklin St Elkhart, IN 46516

OFF-MARKET
Turn key restaurants
Property ID
US31-0129965
985 SF 0.27 ac lot Built 1940
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Construction WOOD
Total area 985 SF
Lot 0.27 ac (11,631 SF)
APN 20-06-07-330-024.000-012
UPID US31-0129965

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
  • Bar & Pub

Location

1906 Franklin St Elkhart, IN 46516-1932
Elkhart metro Census 2300 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$260k

Owner & transaction history

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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