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    OFF-MARKET Estimated value $960,000
    Strip malls

    655 County Rd 17, Elkhart, IN 46516-9511

    32,974 SF 6.04 ac lot Built 2004
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US31-1130751
    Property summary
    AI-generated overview

    This exceptional 4,265 square-foot medical office suite is available for lease in the Amberwood Terrace complex, located at 655 County Road 17, Elkhart, IN 46516. Situated in a prime retail location within the County Road 17 Corridor, this single-tenant space boasts a desirable B3 zoning, allowing for diverse business types. The building, constructed in 2004, is a Class B, single-story structure with a total of 32,088 square feet and ample parking. The suite itself features large windows, hardwood floors, three private offices, storage space, and two restrooms. Its prominent location on County Road 17 offers excellent visibility and accessibility, with an average daily traffic count of 25,805 vehicles. The property benefits from tremendous facade and pylon signage opportunities, ensuring high visibility for your business. The Amberwood Terrace shopping center is well-maintained and professionally managed, providing a positive environment for tenants. This in-fill location is approximately two miles south of a new Amazon distribution center on I-80/90, offering access to a strong daytime population and favorable demographics. The property sits on 6.04 acres of land and offers easy access to I-80/90 Toll Road and US 20 By-Pass. This is an attractive economic opportunity in a thriving commercial area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2004
    Construction TYPE NOT SPECIFIED
    Total area 32,974 SF
    Lot 6.04 ac (263,102 SF)
    Zoning code ZO01
    APN 20-06-01-477-019.000-011
    UPID US31-1130751
    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
    • O’Leary Paint Hardware & Home Improvement Building Supply
    • Paradise Pools General Contractor
    • Blo Salon Hair and Beauty Lounge Hair Salon Nail Salon
    • Don Jose's Mexican Grill & Cantina Restaurant
    • Comfort Flooring & Design Center Carpet & Flooring Store Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $725k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.19M
    Blend (final) Blend
    $960k
    Owner & transaction history
    Amberwood Investments LLC · 9 yrs held
    Amberwood Investments LLC
    since 2017
    3 recorded transactions
    2017
    2011
    1969
    Zoning & alternative use
    ZO01 · Elkhart, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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