4580 Elkhart Rd Elkhart, IN 46517-3569
Property Lookup
Property profile & analytics
4580 Elkhart Rd Elkhart, IN 46517-3569
- Parking lots & garages
- 1,708 SF
- 0.41 lot acres
Property ID
US31-0630327
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.
Location Intelligence
Current Use by Public Records
- Parking lots & garages
Property Details for 4580 Elkhart Rd
- Year built
- 2006
- Lot size
- 0.41 lot acres
- Property size
- 1,708 SF
- Zone code
- ZO01
- Property type
- Parking lots & garages
- APN
- 20-06-26-426-027.000-013
- APU
- 200626426027000013
Description
This exceptional investment opportunity presents a fee-simple Starbucks located at 4580 Elkhart Rd, Elkhart, IN 46517. The 1,764 square foot building, constructed in 2006, sits on a 0.53-acre lot and boasts 24 parking spaces. This single-tenant, net lease property benefits from a corporate guarantee and a remaining lease term of approximately 11.6 years, expiring June 28, 2036. The lease includes 10% rent bumps every five years, providing consistent income growth. The property's strong performance is evidenced by its NOI of $97,020 and a 5.75% cap rate, with an asking price of $1,687,000 ($956.35/sq ft). This highly visible location is shadow-anchored by a remodeled Meijer grocery store (2017), including a pharmacy and gas station, ensuring consistent high traffic. Situated on a signalized, hard-corner intersection with over 26,500 vehicles daily, the property is part of the Goshen Village Shoppes, a vibrant retail center with diverse tenants. The Starbucks location ranks in the top 10% nationally, with over 346,600 visits (June 1, 2023 - May 31, 2024, per Placer.ai). The surrounding area is densely populated, with over 72,000 residents within five miles and a strong average household income. Recent capital improvements include HVAC unit replacements in 2023. Lease options include 4 and 5-year terms. The property's APN is 20-06-26-426-030.000-013, 20-06-26-426-027.000-013. This is a rare opportunity to acquire a high-performing, established Starbucks in a prime location with significant long-term growth potential.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.91
- Latitude
- 41.6281
- 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
$4,086
$124,500
$10,000
$134,500
-
$124,500
$10,000
$134,500
