1631-1633 Toledo Rd - Auto Dealership FOR SALE


Elkhart, IN 46516
$499,999 USD
574-360-9381
1631-1633 Toledo Rd, Elkhart, IN for Sale
$499,999 USD
Auto Dealership - FOR SALE
1/5
null | Request Cap Rate

1631-1633 Toledo Rd
Elkhart, IN 46516


HIGHLIGHTS

  • Two-parcel property totaling approximately 0.77 acres with 46 storage units and one retail space.
  • Retail tenant lease extends through most of 2026, providing stable income.
  • High daily traffic counts of 9,300 vehicles along Toledo Road.
  • Potential monthly storage income of $4,219 at full occupancy.

OVERVIEW

This self-storage and retail property offers a compelling investment opportunity in the growing Elkhart market. The facility spans two parcels totaling approximately 0.77 acres and includes 46 storage units with varying sizes, plus one occupied retail space. With a current storage occupancy rate of 30%, the property provides significant upside potential for an investor focused on stabilization and income growth. The site features over 5,000 square feet of rentable space, ample parking, and a retail tenant secured through most of 2026, ensuring a steady income stream. Positioned along Toledo Road, the property benefits from high visibility and strong traffic counts of approximately 9,300 vehicles per day. The surrounding area boasts a dense population of nearly 100,000 residents within a five-mile radius, creating consistent demand for storage and retail services. Recent upgrades include newly installed security cameras and an updated entry gate, enhancing operational security and tenant confidence. With a sale price of $499,999, this asset offers an attractive entry point for investors seeking a value-add opportunity in a well-located, income-producing property.

FOR SALE DETAILS

PRICE

$499,999 USD

PRICE/SF

$76 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,849 SF

ZONING

-

APN/PARCEL ID

20-06-10-154-004.000-012,20-06-10-176-001.000-011

ASK ABOUT THIS PROPERTY

Greg CarrollPinnacle PropertiesMore Info
574-360-9381

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Greg CarrollPinnacle PropertiesMore Info
574-360-9381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.