2820 Cassopolis StElkhart, IN 46514

  • Hospitality properties
  • 4,345 SF
For Sale
$3,250,000 View listing

Property Details for 2820 Cassopolis St

Year built
1974
Construction
WOOD
Lot size
2.93 AC
Property size (Sq ft)
4,345 SF
Zone code
ZO01
Property type
Hospitality properties
Property subtype
Hotels
APN
20-02-20-457-001.000-027
APU
200220457001000027

Description

This 41,497 square foot hotel in Elkhart, Indiana, presents a unique redevelopment opportunity. Located on a 2.93-acre corner lot with excellent visibility, the property features three buildings, including a main structure with lobby, reception, and breakfast area, and two additional buildings housing 120 guest rooms (60 rooms per building) arranged over two floors with exterior corridors. The property boasts 142 on-site parking spaces and benefits from high traffic counts due to its location on Cassopolis Street (SR-19) and Oakwood Avenue, offering approximately 185 feet and 835 feet of frontage respectively, with two existing curb cuts. Zoned B-3, this property is ideally situated near the 80/90 Toll Road and State Road 19, providing easy access to the Elkhart Municipal Airport and South Bend International Airport. Its prime location within Elkhart's northern retail corridor places it close to numerous businesses, restaurants, and entertainment options. The asking price is $3,250,000, translating to $78.32 per square foot. This property is perfect for either continued operation as a hotel or for adaptive reuse into a variety of commercial ventures.

2820 Cassopolis St, Elkhart, Indiana

Location Insight

City
Elkhart
County
Elkhart
State
Indiana
Latitude
41.7257
Longitude
-85.9718
CBSA code
21140
CBSA name
ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$56,707
$879,300
$636,400
$1,515,700
-
$879,300
$636,400
$1,515,700

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