2709 Whipple Ave Elkhart, IN 46516-5505
This exceptional investment opportunity in Elkhart, Indiana, presents two separate commercial buildings totaling over 10,000 square feet on a nearly one-acre lot (42,253 sq ft). The property is zoned M1 and boasts separate electric and gas meters for each building, offering flexibility and efficiency. Building 1, encompassing 5,642 square feet, features office space with multiple entrances and two restrooms. Recent upgrades include a new HVAC unit, newer windows, a rubber roof, updated gutters and downspouts, exterior lighting, and a fresh paint job (applied over three years ago). The warehouse area includes heat, concrete flooring, LED lighting, compressed air lines, and 480-volt electrical service. Building 2 offers 4,576 square feet of space, featuring four 14-foot high doors, concrete flooring, heat, compressed air lines, 480-volt electric service, and an office area with electric baseboard heat and two restrooms. The property also includes a fenced area and ample parking. Located in a high-traffic business district, this property presents a significant opportunity for investors seeking a strong return in a prime Elkhart location. The asking price is $375,000. The address is 2709 Whipple Avenue, Elkhart, IN 46516.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Elkhart, INElkhart. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.