2501 Lexington Ave Elkhart, IN 46514
- Parking lots & garages
- 2,880 SF
- 0.52 lot acres
Current Use by Public Records
- U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
- OFY Performance / Auto Repair Shop
Property Details for 2501 Lexington Ave
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 0.52 lot acres
- Property size
- 2,880 SF
- Property type
- Parking lots & garages
- APN
- 20-05-01-403-003.000-006
- APU
- 200501403003000006
Description
This 2,880 square foot industrial building, situated on a 2.22-acre lot in Elkhart, Indiana, presents a compelling investment opportunity. Previously used as an automotive shop, the property offers versatile space suitable for various uses, including automotive service and sales, small-scale fabrication, or transportation-related businesses. The building boasts over one acre of secured storage space behind it, providing ample room for inventory or equipment. Its location on the west side of Elkhart offers convenient access to major transportation arteries, including US 20 Bypass and the Indiana Toll Road (I-80/90) via State Road 19. This central location provides easy access to both Elkhart and Mishawaka. A unique feature is deeded river access, presenting potential for a boat slip. Furthermore, the property has a history of generating $5,000 to $10,000 annual income as a potential U-Haul franchisee, adding to its investment appeal. The property is located at 2501 W Lexington Ave, Elkhart, IN 46514. This is a single-building property with a listed asking price of $349,000.
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
- -86.0105
- Latitude
- 41.6851
- CBSA code
- 21140
- CBSA name
- ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
