Property profile

2707 Toledo Rd Elkhart, IN 46516

FOR LEASE
Strip malls
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Property ID
US31-2827469
30,360 SF 4.51 ac Built 1990
Last sale Nov 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

Summit Ridge Shopping Centre, located at 2707 Toledo Rd in Elkhart, Indiana, presents a compelling leasing opportunity for retail businesses. This Class C property, built in 1990, offers a total of 30,000 square feet of retail space within a 4.51-acre lot. The center is zoned B-3, allowing for a variety of retail uses. Currently, there are 8,250 square feet of vacant space available, divisible into units as small as 1,375 square feet, with a maximum contiguous space of 2,750 square feet. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$930k
Assessed land$257k
Assessed improvement$673k
Effective rate3.05%

Value estimate

· Nov 2026
$640k
$576k – $704k
AI approach$640k
Submarket $/SF estimate$687k
NOI build-up
Gross scheduled income$572k
Vacancy & credit loss−$22k
Operating expenses−$165k
NOI$385k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
$385k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency13.7
Pharmacy10.0
HVAC Service9.4

Location

2707 Toledo Rd Elkhart, IN 46516
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

1 recorded sale · 13 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
3763 Jackson, Elkhart, IN 46516-5240 $11,221 Jan 2021 7,634 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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