Property profile

4650 Chester Dr Elkhart, IN 46516

OFF-MARKET
Manufacturing properties
Property ID
US31-2616964
24,750 SF 1.77 ac lot Built 2015
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 24,450-square-foot manufacturing facility, built in 2015 and renovated in 2021, sits on a 1.77-acre lot in Elkhart, Indiana. The single-story building boasts a 20-foot ceiling height, ideal for various industrial uses. Conveniently located on Chester Drive, it offers easy access to US 20 Bypass and I-80/90, providing excellent regional connectivity. The property features one loading dock and two drive-in doors, ensuring efficient loading and unloading. Power is robust, with 480v/3000 Amps/3-phase service. The interior includes two private offices, a conference room, three shop offices, and a breakroom, providing ample space for administrative functions. Additional features include compressed air lines and exhaust fans. The building is zoned M-1 Light Industrial and is situated in Elkhart County, with a property tax cost per square foot of $1.32. The entire 24,450 square feet is currently vacant and available for occupancy on November 1, 2024. This prime location and well-equipped facility present a unique opportunity for businesses seeking a modern and efficient industrial space in a strategic location. The address is 4650 Chester Dr, Elkhart, IN 46516.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2015
Construction WOOD
Total area 24,750 SF
Lot 1.77 ac (77,058 SF)
Zoning code ZO01
APN 20-06-12-203-008.000-011
UPID US31-2616964

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility

Location

4650 Chester Dr Elkhart, IN 46516-9056
Elkhart metro Census 1902 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$690k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2019
$775,000
2015
Price N/A
2014
Price N/A
2009
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Elkhart, IN
Top alternative use upside
Commercial (general) $1.2M +38.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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