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Property profile & analytics
FOR LEASE
Strip malls

2707 Toledo Rd Elkhart, IN 46516

30,360 SF 4.51 ac lot Built 1990
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US31-2827469
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. This makes it ideal for both smaller businesses seeking a manageable footprint and larger enterprises looking to expand within the Elkhart submarket. The property's location in Elkhart County, within the Elkhart submarket cluster, provides excellent access to a substantial customer base. The address is conveniently situated on Toledo Road, ensuring high visibility and accessibility. This is a fantastic opportunity to establish or expand your retail presence in a well-established shopping center within a thriving community. The property's size and layout offer flexibility for a range of retail concepts. Interested parties are encouraged to inquire about available space and lease terms. The property is situated in Elkhart, IN, zip code 46517.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 30,360 SF
Lot 4.51 ac (196,456 SF)
Zoning code ZO01
APN 20-06-11-178-002.000-011
UPID US31-2827469
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
  • Elite Nutrition Specialty Food Shop
  • PeopleReady Employment Agency
  • TNT Nutrition Cafe & Coffee Shop
  • Salon 20 Hair Salon Nail Salon
  • F&G sportscards (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$687k
Blend (final) Blend
$665k
Owner & transaction history
Lally Shopping Mall INC · 6 yrs held
Lally Shopping Mall INC
since 2019
3 recorded transactions
2019
Price N/A
2019
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Elkhart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source CHAPTER 151: ZONING CODE
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