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    Property profile & analytics

    4542 Elkhart Rd, Unit 4568 Elkhart, IN 46517-3571

    • Strip malls
    • 16,238 SF
    • 5.12 lot acres
    OFF-MARKET
    Value Estimation
    $6,630,000
    Last Sale
    Jul 29, 2022
    $6,900,000
    Location Intelligence
    Property ID
    US31-0764788
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jimmy John's / Caterer / Sandwich Shop
    • Geoffrey Allen Heddle / Optometrist
    • The Joint Chiropractic / Chiropractor
    • LA Nails / Nail Salon

    Property Details for 4542 Elkhart Rd

    Year built
    2005
    Construction
    WOOD
    Lot size
    5.12 lot acres
    Property size
    16,238 SF
    Zone code
    ZO01
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20-06-26-476-005.000-013
    APU
    200626476005000013

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,550,000
      6.5%
      $7,210,000
      7%
      $7,455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,580,000
      Geo Method
      $7,175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,925,000
      Retail
      $7,100,000
      Mixed-Use
      $7,030,000
      Hospitality
      $5,895,000
      Educational
      $7,520,000
      Residential Income
      $6,480,000
      Energy
      $6,485,000
      Income-Based Land
      $7,765,000
      Food Service
      $8,185,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9101
    Latitude
    41.6271
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $76,530
    $817,900
    $1,713,600
    $2,531,500
    -
    $817,900
    $1,713,600
    $2,531,500

    Comparable in this City

    • Value Estimation
      $600,000
      48,850 SF

      211 Concord Mall Dr

      SHOPPING CENTER, STRIP CENTER • 48,850 SF
      211 Concord Mall Dr, Elkhart, IN 46517-3109
      View Details
    • Value Estimation
      $370,000
      7,668 SF

      3710 Mishawaka Rd

      SHOPPING CENTER, STRIP CENTER • 7,668 SF
      3710 Mishawaka Rd, Elkhart, IN 46517-3550
      View Details
    • Value Estimation
      $470,000
      11,060 SF

      23737 Us Hwy 33

      SHOPPING CENTER, STRIP CENTER • 11,060 SF
      23737 Us Hwy 33, Elkhart, IN 46517-3564
      View Details
    • Value Estimation
      $570,000
      17,944 SF

      2501 Nappanee St

      SHOPPING CENTER, STRIP CENTER • 17,944 SF
      2501 Nappanee St, Elkhart, IN 46517-1084
      View Details
    • Value Estimation
      $520,000
      8,875 SF

      4536 Elkhart Rd

      SHOPPING CENTER, STRIP CENTER • 8,875 SF
      4536 Elkhart Rd, Elkhart, IN 46517-3573
      View Details
    • Value Estimation
      $425,000
      12,640 SF

      3420 Main St

      SHOPPING CENTER, STRIP CENTER • 12,640 SF
      3420 Main St, Elkhart, IN 46517-3124
      View Details

    Similar Nearby for Sale

    • $500,000
      3,187 SF

      Elkhart Redevelopment Site Available

      Redevelopment site at signalized corner in Elkhart, Indiana.
      290 W Hively Ave, Elkhart, IN 46517
      View Details
    • $159,900
      0.29 Acres

      Elkhart Mixed-Use Commercial Opportunity

      Versatile property with business and residential potential in high-demand area.
      2319 S Main St, Elkhart, IN 46517
      View Details
    • $175,000
      0.44 Acres

      Elkhart Mixed-Use Commercial Building

      Renovated mixed-use building in high-traffic area with business and residential potential.
      23957 Us 33, Elkhart, IN 46517
      View Details
    • $900,000
      14,490 SF

      Former Walgreens Building For Sale

      14,490 SF building on 1.43 acres, built in 2008.
      102 E Hively Ave, Elkhart, IN 46517
      View Details
    • $1,295,000

      Elkhart Retail Property on Main

      Retail property with established tenant and high visibility.
      3365 S Main St, Elkhart, IN 46517
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    • $329,000
      0.55 Acres

      Elkhart Retail Opportunity on Main

      Retail building on Main Street with high traffic counts.
      3444 S Main Blvd, Elkhart, IN 46517
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      6,147 SF

      Elkhart Commercial Space For Lease

      Mixed-use commercial building with retail and office spaces available for lease.
      2930 S Nappanee St, Elkhart, IN 46517
      View Details
    • $16 SF/Yr

      Former Gas Station with Canopy

      3,150 SF former gas station for sublease in Elkhart, IN.
      3624 S Nappanee St, Elkhart, IN 46517
      View Details
    • $11 SF/Yr
      3,280 SF

      Elkhart Auto Shop For Rent

      Auto shop with frontage on South Main Street available for rent.
      3526 S Main St, Elkhart, IN 46517
      View Details
    • Contact for pricing
      7,480,123 SF

      SR 19 & CR 26 Commercial Land

      171 Acres, Elkhart, IN - Build-to-Suit
      26 Sr 19 & County Rd, Elkhart, IN 46517
      View Details
    • $23 SF/Yr

      Elkhart Office Space For Rent

      Vibrant office space with accessibility and professional finishes.
      3145 Benham Ave, Elkhart, IN 46517
      View Details
    • $4 SF/Yr
      60,360 SF

      Elkhart Manufacturing/Warehouse Space Available

      60360 SF manufacturing/warehouse space for lease in Elkhart, IN.
      28505 County Road 20, Elkhart, IN 46517
      View Details
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    Elkhart, IN 46517-3571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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