3535 S Main St Elkhart, IN 46517
For Sale
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This exceptional investment opportunity presents a thriving 6,872-square-foot free-standing restaurant, known as Fiesta Cancun, ideally situated on a 1.38-acre outlot in front of Concord Mall in Elkhart, Indiana. Built in 1985, the property boasts a spacious layout including a large kitchen and prep area equipped with multiple coolers and freezers, a separate bar area, a substantial dining area, and a private party or meeting room. Ample on-site parking accommodates 83+ vehicles. The restaurant benefits from a high-traffic location on South Main Street (US 33), a major thoroughfare averaging 27,241 vehicles daily, strategically positioned between Elkhart and Goshen, and just 0.5 miles from the US-20 exit. This B2-zoned property is part of the Concord Mall retail development, surrounded by a mix of local and national retailers, offering excellent visibility and accessibility. The asking price is $625,000. The property's APN is 20-06-22-254-006.000-011. This turnkey restaurant presents a rare opportunity to acquire a well-established business in a prime retail location. The property consists of one building and has undergone recent updates.
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Fiesta Cancun Mexican Restaurant & Cantina Restaurant
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.