1220 Bristol StElkhart, IN 46514

Property Details for 1220 Bristol St

Year built

1953

Construction

TYPE NOT SPECIFIED

Lot size

0.80 AC

Property size (Sq ft)

22,825 SF

Zone code

ZO01

Property type

Retail space

APN

20-02-31-253-016.000-027

APU

200231253016000027

Description

This exceptional commercial property, located at 1220 W Bristol Street in Elkhart, Indiana, presents a unique investment opportunity. Boasting a prime location in a high-traffic area, this property offers significant potential for a variety of retail businesses. The 1.44-acre lot encompasses two parcels, providing ample space for operations and potential expansion. The existing structure features large showrooms, ideal for showcasing products or services. The flexible layout allows for customization to suit diverse business needs, making it an attractive option for entrepreneurs seeking a well-established retail presence. Its strategic location ensures high visibility and accessibility, attracting a substantial customer base. The asking price for this exceptional retail property is $299,900. This represents a compelling investment opportunity in a thriving commercial area with strong growth potential. The property's size and location make it suitable for a wide range of retail ventures, offering a significant return on investment for the discerning buyer. Serious inquiries are encouraged to explore the possibilities of this remarkable commercial property. The property is ready for immediate occupancy, allowing for a swift start to your business operations. Don't miss this chance to secure a prime retail location in a bustling Elkhart commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $6,310,635

  6.5%

  $5,825,202

  7%

  $5,409,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,491,850

  Geo Method

  $7,491,850

• Alternative Use

  Use

  Valuation

  Residential

  $4,913,776

  Hospitality

  $4,500,992

  Educational

  $3,744,772

  Medical

  $3,873,561

  Retail

  $5,825,202

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.703

Longitude

-85.9928

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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