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Property profile & analytics
OFF-MARKET Estimated value $685,000
Warehouses

3362 Main St Elkhart, IN 46517-3126

46,073 SF 2.65 ac lot Built 1950
Individually Owned 1-yr Hold Free & Clear
Property ID
US31-0642513
Property summary
AI-generated overview

This versatile Elkhart, Indiana industrial property, situated on 3.45 acres, offers 48,083 square feet of space, including a 46,072 square foot main building with 1,800 square feet of professional office space and a separate 2,010 square foot freestanding office building. The main building boasts flexible column/bay spacing (20'x50' and 25'x50'), clear heights ranging from 13' to 16'9", and ample power with 2000A/480V and 800A/208V electrical services. Loading is facilitated by two docks (one with a leveler) and three grade-level doors (two 12' and one 14'). Heating is provided by gas unit and radiant tube heaters, and lighting is efficient T-series fluorescent. Municipal water and sewer services are connected. The office building features four private offices, a reception area, open space, and two restrooms. The property enjoys excellent visibility on S. Main Street and offers ample on-site parking. Its location provides easy access to US-20 Bypass, US-31, and the 80/90 Toll Road, surrounded by various retailers and industrial companies. The property is zoned Industrial M-1 and was built in 1950. Asking price is $1,600,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 46,073 SF
Lot 2.65 ac (115,434 SF)
Zoning code ZO01
APN 20-06-22-127-049.000-011
UPID US31-0642513
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
  • The Armor Group Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$725k
CAP Approach CAP
by Request
Comparable Approach Comparable
$594k
Blend (final) Blend
$685k
Owner & transaction history
Ps Designs · 1 yrs held
Ps Designs
since 2024
4 recorded transactions
2024
Price N/A
2023
Price N/A
2015
$500,000
1969
Price N/A
Zoning & alternative use
ZO01 · Elkhart, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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