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Property profile

2603 Toledo Rd Elkhart, IN 46516

OFF-MARKET
Other office properties
Property ID
US31-3191512
3,228 SF 1.09 ac lot Built 2004
Last sale Jul 2026 · $185,840
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 2603 Toledo Rd, Elkhart, Indiana consists of well-maintained office space configured as two separate units within a single building. It is arranged to support either separate tenancy or flexible use by combining the two units, and is presented in move-in condition with an office-ready interior layout. The building has convenient ingress and egress and is positioned with roadside access along a busy road, providing visibility for daily operations and for visitors approaching the site.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$223k
Assessed land$77k
Assessed improvement$147k
Effective rate3.02%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$49/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$23 – $82
Qualifying comparables8

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

What can be built here?
ZO01
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 agency20.8
Restaurant14.7
Pharmacy13.2

Location

2603 Toledo Rd Elkhart, IN 46516-5769
County assessor Recorded deeds · 1 transfer 8 qualifying comp sales Zoning catalog

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

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
117 County Rd 17, Elkhart, IN 46516-5448 $885,650 Aug 2024 640 SF
122 Washington, Elkhart, IN 46516-3029 $35,000 Dec 2020 2,202 SF
835 Blaine, Elkhart, IN 46516-2421 $23,140 Jan 2020 18,905 SF
3333 Middlebury, Elkhart, IN 46516-5587 $710,000 May 2019 18,000 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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