Property profile

655 County Rd 17 Elkhart, IN 46516

OFF-MARKET
Strip malls
Property ID
US31-1130751
32,974 SF 6.04 ac lot Built 2004
Entity Owned 9-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply
  • General Contractor
  • Hair Salon Nail Salon
  • Restaurant
  • Carpet & Flooring Store Hardware & Home Improvement

Location

655 County Rd 17 Elkhart, IN 46516-9511
Elkhart metro Census 1902 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2017
3 recorded transactions
2017
Price N/A
2011
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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