Technical
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Property profile

5218 Beck Dr Elkhart, IN 46516

OFF-MARKET
Strip malls
Property ID
US31-0558410
9,100 SF 0.79 ac lot Built 2003
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Pediatrician Physician

Location

5218 Beck Dr Elkhart, IN 46516-9121
Elkhart metro Census 1902 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A

Zoning & alternative use

ZO01 · Elkhart, IN

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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