Technical
Financial
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Property profile

2701 Cassopolis St Elkhart, IN 46514

OFF-MARKET
Theaters & concert halls
Property ID
US31-0638954
40,678 SF 8.86 ac lot Built 1988
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7.5-acre commercial property, located at 2701 Cassopolis St, Elkhart, IN 46514, presents a prime redevelopment opportunity. Situated in a high-traffic area with over 18,000 average daily vehicles, this site boasts a prominent location at a signalized intersection within one of Elkhart County's fastest-growing retail corridors. The existing 40,678 square foot building is adaptable for repurposing or demolition, offering flexibility for various development scenarios. The property is conveniently located less than two miles from I-80/90 Toll Road, Exit 92, and three miles from the Indiana/Michigan state line, ensuring excellent accessibility. All utilities, including city water, sewer, gas, and electric, are readily available. While currently zoned PUD, rezoning is underway to align with the city's future plans for the area. The site is divisible, with premium pricing available for parcels facing Cassopolis Street. A new quick-service restaurant is planned for the adjacent corner lot, further enhancing the location's appeal and traffic flow. The asking price for the entire 7.5-acre site is $4,063,500, representing a price per square foot of $99.89. This presents a compelling investment opportunity for developers seeking a high-visibility location in a thriving retail market.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 40,678 SF
Lot 8.86 ac (385,811 SF)
Zoning code ZO01
APN 20-02-29-201-016.000-027
UPID US31-0638954

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
  • Atm

Location

2701 Cassopolis St Elkhart, IN 46514-5131
Elkhart metro Census 1601 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
$1.29M

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2025
Price N/A
2025
Price N/A
2024
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Elkhart, IN
Top alternative use upside
Apartment house (5+ units) $2.0M +45.3%
Neighborhood: shopping center $1.7M +21.0%

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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