For Sale
$995,000

1651 Toledo RdElkhart, IN 46516

High-traffic retail/storage complex, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 23,060-square-foot freestanding retail and self-storage facility located at 1651 Toledo Rd., Elkhart, IN 46516. The property, built in 1988, sits on a sizable 3.21-acre lot and features a single-story building with P-3 and PUD zoning. The complex comprises 27 non-climate-controlled storage units and five retail spaces, offering a diverse income stream. Currently, the property is not fully occupied, presenting a significant opportunity for increased rental income through stabilization and market-rate adjustments. The property boasts high daily traffic counts of 9,300 vehicles and benefits from a dense population base, with 93,335 people residing within a five-mile radius. The property includes eight parking spaces. The asking price is $995,000. The APN is 20-06-10-176-029.000-009. This property offers significant upside potential for a savvy investor seeking a strong return on investment in a prime Elkhart location.

Highlights

  • 23,060 square feet of net rentable area.
  • 3.21-acre site.
  • 27 non-climate-controlled units.
  • Five retail spaces with eight parking spaces.
  • High daily traffic count of 9,300 vehicles.
  • Dense population of 93,335 within a five-mile radius.

Property Details for 1651 Toledo Rd

Property type
Retail properties
Year Built
1988
Stories
1
Lot Size (sq. ft)
139,828 SF

Location Insight

City
Elkhart
County
Elkhart
State
Indiana
Latitude
41.6773732
Longitude
-85.9404749
1651 Toledo Rd, Elkhart, Indiana

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1651 Toledo Rd
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