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Financial
Distress signals
Property profile

51425 State Rd 19 Elkhart, IN 46514

OFF-MARKET
Turn key restaurants
Property ID
US31-0599660
3,000 SF 0.9 ac lot Built 2013
Last sale Aug 2025
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional turnkey business opportunity presents the chance to own My Dad's Place Bar & Grill, a well-established Elkhart, Indiana landmark. Located at 51425 State Road 19, this thriving establishment boasts a prime location attracting patrons from Indiana and Michigan for years. Completely rebuilt in 2013 following a fire, the property is in excellent condition and ready for immediate operation. The spacious interior features a large bar with ample seating, numerous tables, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$468k
Assessed land$96k
Assessed improvement$373k
Effective rate1.70%

Value estimate

· Oct 2026
$280k
$252k – $308k
AI approach$280k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionELKHART

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.3
Building Supply18.9
Hair Salon14.8

Location

51425 State Rd 19 Elkhart, IN 46514-6119
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30801 Old Us 20, Elkhart, IN 46514-9482 $3,300 Jul 2024 1,600 SF
22045 County Rd 6th, Elkhart, IN 46514-8589 $510,000 Aug 2022 4,970 SF
600 Bristol, Elkhart, IN 46514-2962 $125,400 Jul 2021 1,630 SF
1832 Cassopolis, Elkhart, IN 46514-3119 $230,000 Sep 2019 4,083 SF
1648 Cassopolis, Elkhart, IN 46514-3123 $569,000 Sep 2019 1,845 SF
1825 Bristol, Elkhart, IN 46514-3966 $570,000 Jul 2019 2,340 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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