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Property profile & analytics
OFF-MARKET Estimated value $1,285,000
Theaters & concert halls

2701 Cassopolis St Elkhart, IN 46514-5131

40,678 SF 8.86 ac lot Built 1988
Entity Owned ~ Est. High Equity
Property ID
US31-0638954
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.29M
Owner & transaction history
Weaver Casual Dining LLC
Weaver Casual Dining LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.0M +45.3%
Neighborhood: shopping center $1.7M +21.0%
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