3225 Southview Dr - Medical FOR SALE


Elkhart, IN 46514- North Elkhart
$599,999 USD
260-482-6970
3225 Southview Dr, Elkhart, IN for Sale
$599,999 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

3225 Southview Dr
Elkhart, IN 46514
North Elkhart


HIGHLIGHTS

  • Seller financing available
  • Suites 200, 300, 401 are currently available for lease
  • Suite 500 has a 5 year lease in place ending in 2028
  • Buyer can lease spaces for additional income or occupy

OVERVIEW

Sturges Property Group is pleased to present the Northpointe Building for sale, located on the north side of Elkhart, Indiana. The well-maintained Class A, 13,568 square-foot commercial office building was constructed in 2001. The building location is less than a half mile from the intersection of SR 19 and the Indiana Toll Road 80/90 which provides an optimal location in terms of both access and visibility. 3225 Southview Drive is a "value-add", 28% leased asset with one tenant with a five-year triple net lease in place. The property is priced “below replacement cost,” which can be a significant advantage for an investor or owner/user. Creative financing solutions available for qualified buyers. There are three available tenant spaces, each with its own private entrance, that could be separately leased or combined for a single owner/user. The new owner could occupy all or some of the available space and enjoy the benefit of having one existing tenant in place. The B3 zoning will accommodate a variety of business uses, including large-scale commercial, retail, wholesale, service, medical, and auto-related uses.

FOR SALE DETAILS

PRICE

$599,999 USD

PRICE/SF

$44 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Northpointe Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

B3

APN/PARCEL ID

20-02-20-176-010.000-027

ASK ABOUT THIS PROPERTY

Robert DoyleSturges Property GroupMore Info
260-482-6970

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Robert DoyleSturges Property GroupMore Info
260-482-6970

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