Property profile

812 Main St Elkhart, IN 46516

OFF-MARKET
Car washes
Property ID
US31-0138037
1.14 ac lot Built 1985
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This established self-service car wash, known as Mr. Bubbles, presents a unique investment opportunity in Elkhart, Indiana. Located at 812 S Main St, this 1.14-acre property boasts a prime location on the south side of the city, offering high visibility and convenient access for customers. Built in 1985, the car wash operates 24/7, catering to a wide range of vehicles, including RVs and semi-trucks. The substantial lot size presents significant potential for expansion, allowing for the addition of services or even the development of complementary businesses such as a gas station or convenience store. The asking price for this turnkey operation is $280,000. This presents a rare chance to acquire an established business with considerable room for growth in a thriving Indiana community. The property's size and location make it an attractive prospect for investors seeking a strong return on investment in a stable market. Don't miss this chance to own a piece of Elkhart's commercial landscape. The property is zoned for commercial use and is ready for immediate operation or expansion. This is an exceptional opportunity for an entrepreneur looking to enter the car wash industry or for an investor seeking a profitable addition to their portfolio. The property's existing infrastructure and ample space provide a solid foundation for future success.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1985
Lot 1.14 ac (49,789 SF)
Zoning code ZO01
APN 20-06-08-227-006.000-012
UPID US31-0138037

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
  • Car Wash

Location

812 Main St Elkhart, IN 46516-3712
Elkhart metro Census 2600 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2022
Price N/A
2010
Price N/A
2009
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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