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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 Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$75k
Assessed land$36k
Assessed improvement$39k
Effective rate3.06%

Value estimate

· Oct 2026
$260k
$234k – $286k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionELKHART

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.1
Law Firm17.7
Spa & Massage14.3

Location

1906 Franklin St Elkhart, IN 46516-1932
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1589 Franklin, Elkhart, IN 46516-2057 $100,000 Oct 2021 1,660 SF
1318 6th, Elkhart, IN 46516-0906 $48,000 Aug 2021 6,270 SF
3763 Jackson, Elkhart, IN 46516-5240 $11,221 Jan 2021 7,634 SF
109 Lexington, Elkhart, IN 46516-3107 $75,000 Feb 2020 3,100 SF
1720 Nappanee, Elkhart, IN 46516-1705 $1,638,315 Nov 2019 7,006 SF
1724 Nappanee, Elkhart, IN 46516-1705 $442,332 Nov 2018 2,074 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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