1900 Berry StElkhart, IN 46514

Property Details for 1900 Berry St

Year built

1985

Construction

TYPE NOT SPECIFIED

Lot size

1.26 AC

Property size (Sq ft)

12,972 SF

Zone code

ZO01

Property type

Strip malls

Property subtype

Neighborhood centers

APN

20-02-33-284-011.000-027

APU

200233284011000027

Description

This 13,075 square foot, single-story retail center in Elkhart, Indiana, offers two available spaces totaling 7,195 square feet. One space, previously a butcher shop, comprises 5,045 square feet and includes existing coolers, freezers, stainless steel tables, sinks, and additional kitchen equipment. The second space measures 2,150 square feet. Located at 1900 Berry St, Elkhart, IN 46514, this Class C property sits on a 1.26-acre lot and was built in 1985. The center features shared pylon and marquee signage, gas forced heat, central air conditioning, fluorescent lighting, storefront windows, individually metered utilities, and ample on-site parking. The building is served by 200-amp single-phase power. Zoned B-1 Neighborhood Commercial, the property allows for a diverse range of commercial uses. Tenants are responsible for their utilities, interior janitorial services, trash removal, and phone/computer/data costs. The property is conveniently located near Volcano Pizza, an established anchor tenant. This well-maintained, locally-owned and managed center presents a great opportunity for businesses seeking a prime location in Elkhart. The APN is 20-02-33-284-011.000-027.

• CAP approach

  CAP return

  Valuation

  6%

  $3,586,486

  6.5%

  $3,310,603

  7%

  $3,074,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,257,800

  Geo Method

  $4,257,800

• Alternative Use

  Use

  Valuation

  Residential

  $2,792,618

  Hospitality

  $2,558,022

  Educational

  $2,128,245

  Medical

  $2,201,438

  Retail

  $3,310,603

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.7036

Longitude

-85.9475

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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