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Property profile & analytics
OFF-MARKET
Retail space

30879 Old Us 20 Elkhart, IN 46514-9482

5,550 SF 0.41 ac lot Built 1981
Individually Owned 4-yr Hold Free & Clear
Property ID
US31-0138963
Property summary
AI-generated overview

This exceptional commercial property, located at 30879 Old US 20 in Elkhart, Indiana, presents a unique investment opportunity. Situated on a 0.41-acre lot, the single-story building boasts a prime location with high traffic visibility, making it ideal for a variety of businesses. The property features a spacious retail area or showroom, complemented by several private offices, providing ample space for administrative functions. A significant advantage is the inclusion of over 2800 square feet of warehouse space, accessible via two 10-foot overhead doors, opening up possibilities for storage, manufacturing, or distribution. The building's functionality is further enhanced by multiple security systems, ensuring the safety and security of both occupants and inventory. Ample parking is available on-site, catering to the needs of employees and customers. The flexible layout allows for the potential division into separate units, presenting an attractive option for generating rental income through leasing individual spaces. This property offers a compelling blend of retail, office, and warehouse space, making it a highly desirable asset in a thriving commercial area. The asking price is $475,000. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Construction WOOD
Total area 5,550 SF
Lot 0.41 ac (17,860 SF)
Zoning code ZO01
APN 20-05-03-153-011.000-005
UPID US31-0138963
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gary Stone · 4 yrs held
Gary Stone
since 2021
3 recorded transactions
2021
Price N/A
2020
$50,683
2012
Price N/A
Zoning & alternative use
ZO01 · Elkhart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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