516 County Rd 6th E Elkhart, IN 46514-5559
- Commercial land
- 1.51 lot acres
Current Use by Public Records
- Commercial land
Property Details for 516 County Rd 6th E
- Lot size
- 1.51 lot acres
- Zone code
- ZO01
- Property type
- Commercial land
- APN
- 20-02-20-457-013.000-027
- APU
- 200220457013000027
Description
This exceptional 3.14-acre commercial development opportunity is strategically located at the intersection of County Road 6 and State Road 19 (Cassopolis) corridor in Elkhart, Indiana. Boasting a prime location with over 22,000 cars passing daily, this property offers significant visibility and accessibility. The site benefits from B2 zoning and is situated within a Tax Increment Financing (TIF) district, presenting potential tax advantages for developers. The property includes two existing structures: a substantial 5,367 square foot block building and a separate residential structure. The current tenant will vacate by February 2025, opening up a range of development possibilities. With approximately 726 feet of frontage on County Road 6 and a depth of 317 feet, the site provides ample space for a variety of commercial ventures. The property's advantageous location is further enhanced by its proximity to established businesses such as McDonald's and a Marathon gas station. Vacant land to the north and west offers additional development potential or expansion opportunities. This property presents a rare chance to acquire a high-visibility commercial site in a thriving area with excellent traffic counts and existing infrastructure. The combination of location, zoning, and existing structures makes this an ideal investment for developers seeking a strong return.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.9712
- Latitude
- 41.725
- CBSA code
- 21140
- CBSA name
- ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA