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    OFF-MARKET
    Strip malls

    5218 Beck Dr, Elkhart, IN 46516-9121

    9,100 SF 0.79 ac lot Built 2003
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-0558410
    Property summary
    AI-generated overview

    This exceptional 2,918 square foot medical office suite is located within the highly visible and popular Pine Creek Plaza in Elkhart County. Built in 2007, this space is part of a larger 24,056 square foot multi-tenant building offering a blend of medical, retail, and dining establishments. The suite boasts 200 amp 3-phase power, making it ideal for a variety of medical practices. The property enjoys a prime location on Beck Drive, benefiting from high traffic volume and visibility. Pine Creek Plaza is situated in a rapidly developing area along County Road 17, experiencing significant growth over the past decade. A 15-year development plan promises continued growth and attractiveness for businesses, including restaurants, hotels, and retail, further enhancing the property's value and potential. The surrounding area features a mix of industrial and residential properties, creating a robust and diverse community. This location offers excellent access to a large pool of potential patients and clients, making it an attractive opportunity for medical professionals seeking a thriving practice location in a dynamic and growing area of Elkhart. The minimum divisible space is 2,918 square feet, making this a perfect opportunity for a single tenant seeking a well-appointed and conveniently located medical office.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2003
    Construction TYPE NOT SPECIFIED
    Total area 9,100 SF
    Lot 0.79 ac (34,282 SF)
    Zoning code ZO01
    APN 20-06-01-226-005.000-011
    UPID US31-0558410
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Celeste Warlick, FNP-C Physician
    • Brian Ratigan Physician
    • South Bend Orthopaedics Physician
    • Martina A Mcgowan Physician
    • Sami Qazi, MD, FAAFP Pediatrician Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Creekstone Properties I LLC · 8 yrs held
    Creekstone Properties I LLC
    since 2018
    2 recorded transactions
    2018
    1969
    Zoning & alternative use
    ZO01 · Elkhart, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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