22538 Pine Arbor Dr Elkhart, IN 46516
- Commercial real estate
- 11.00 lot acres
Current Use by Public Records
- Arbor Lakes Apartments / Apartment Complex / Apartment Rental Agency
- Aadvantage Suites / Furnished Apartment Building / Short Term Apartment Rental Agency
- Arbor Lakes management Office / Corporate Office
Property Details for 22538 Pine Arbor Dr
- Lot size
- 11.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 11-acre commercial land parcel presents a remarkable development opportunity in Elkhart, Indiana. Boasting 1,000 feet of frontage on Toledo Road, experiencing 9,000 cars daily, and 530 feet on Pine Arbor Drive, this property offers unparalleled visibility. Its strategic location just off the US 20 Bypass (24,000 cars daily) and CR 17 (25,000 cars daily, per INDOT traffic counts) ensures easy access to the region. Situated within the Concord School District, the property is only two miles from a significant industrial area housing prominent businesses such as Thor Motor Coach, Siemens Healthcare, and others. Additional advantages include proximity to US Highway 33 (over 20,000 cars daily), Downtown Elkhart (4 miles), the Indiana Toll Road Interchange at CR 17 (5.5 miles), SR 19 (25,000 cars daily, 7 miles), Downtown Goshen (9 miles), Downtown Mishawaka (15 miles), and the University of Notre Dame (20 miles). Currently zoned residential, this 11-acre site, priced at $949,000 ($86,272.73/acre), offers significant potential for various commercial ventures, capitalizing on Elkhart's thriving industrial landscape and its position as the "RV Capital of the World." The property is situated directly across from the Arbor Lakes Apartment complex, providing additional exposure and potential synergy. The address is 22538 Pine Arbor Dr, Elkhart, IN 46516.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.901733461171
- Latitude
- 41.67154950013
