705 County Road 6 - Freestanding FOR SALE


Elkhart, IN 46515- North Elkhart
$2,725,000 USD
574-360-6881
705 County Road 6, Elkhart, IN for Sale
$2,725,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

705 County Road 6
Elkhart, IN 46515
North Elkhart


HIGHLIGHTS

  • Excellent redevelopment or investment opportunity
  • Heavily traveled retail corridor
  • 3-way liquor license used by Margarita's Mexican Restaurant included in price
  • Zoned PUD: Planned Unit Development
  • Boasts abundant frontage and great visibility
  • Current rents below market value

OVERVIEW

Fantastic redevelopment or investment opportunity on heavily traveled CR 6 E (over 18,000 cars daily) just off the corner with SR 19 (over 20,000 cars daily, INDOT Traffic Counts) right in the heart of a strong retail corridor. Sitting on 3.42 acres boasting nearly 400 FT of frontage, and zoned PUD: Planned Unit Development, this property allows for a wide array of mixed-use developments. The property also consists of a fully leased 16,150 SF building with below market rents that have plenty of ability for increases. 3-way liquor license is included in the price used by Margarita's Mexican Restaurant. Each unit has individually metered gas forced air heating, central A/C, 200-amp electrical service, handicap accessible restrooms, water heaters, furnace rooms, and storage areas. Great proximity, only 1 mile from the IN-Toll Road interchange at IN-19, 2 miles to Simonton Lake 2.5 miles from Downtown Elkhart, 4 miles to IN-17, 5.5 miles from the US-20 Bypass, and 15.5 miles to the University of Notre Dame. Taxes: $27,518,14. Tax Year: 2025, pay 2026. Zoned PUD: Planned Unit Development.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

705 County Road 6 E, Elkhart, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3.42 AC

LAND SF

148,975 SF

ZONING

PUD

APN/PARCEL ID

20-02-29-226-014.000-027

ASK ABOUT THIS PROPERTY

John PiracciniColdwell Banker CommercialMore Info
574-360-6881

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John PiracciniColdwell Banker CommercialMore Info
574-360-6881

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