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Property profile & analytics
OFF-MARKET Estimated value $1,270,000
Warehouses

929 Michigan St Elkhart, IN 46514-2217

89,912 SF 1.05 ac lot Built 1898
Entity Owned Free & Clear
Property ID
US31-0023192
Property summary
AI-generated overview

This expansive Elkhart, Indiana industrial property presents a significant investment opportunity. Encompassing approximately 5.5 acres, the site features two substantial buildings totaling roughly 115,000 square feet of space. The buildings boast impressive 40+ foot high ceilings, ideal for various manufacturing or warehousing applications, and are further enhanced by the inclusion of overhead cranes, streamlining material handling. Convenient rail access adds another layer of logistical advantage to this already impressive offering. Each building includes dedicated office space, providing ample room for administrative functions. While the property has been vacant for a period, and thus requires some attention and refurbishment, the sheer scale and potential are undeniable. A large, fenced-in area and a paved lot provide ample outdoor space for storage, maneuvering, or expansion. The 3.5-acre lot offers significant flexibility for future development or repurposing. This property is primed for a creative entrepreneur or investor seeking a substantial industrial space with excellent infrastructure and significant upside potential. The location in Elkhart, Indiana offers access to a robust transportation network and a skilled workforce. This is a rare opportunity to acquire a large-scale industrial property with considerable potential for a variety of uses.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1898
Construction TYPE NOT SPECIFIED
Total area 89,912 SF
Lot 1.05 ac (45,738 SF)
APN 20-06-06-227-005.000-012
UPID US31-0023192
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
  • Elkhart Industrial Fabricating Metal Fabrication Plant Factory
  • Metal Partners LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.32M
Blend (final) Blend
$1.27M
Owner & transaction history
929 North Michigan LLC
929 North Michigan LLC
since 2026
2 recorded transactions
2026
$116,000
2024
$498,240
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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