655 County Road 17Elkhart, IN 46516

Property Details for 655 County Road 17

Year built

2004

Construction

TYPE NOT SPECIFIED

Lot size

6.04 AC

Property size (Sq ft)

32,974 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Strip malls

APN

20-06-01-477-019.000-011

APU

200601477019000011

Description

This exceptional 4,265 square-foot medical office suite is available for lease in the Amberwood Terrace complex, located at 655 County Road 17, Elkhart, IN 46516. Situated in a prime retail location within the County Road 17 Corridor, this single-tenant space boasts a desirable B3 zoning, allowing for diverse business types. The building, constructed in 2004, is a Class B, single-story structure with a total of 32,088 square feet and ample parking. The suite itself features large windows, hardwood floors, three private offices, storage space, and two restrooms. Its prominent location on County Road 17 offers excellent visibility and accessibility, with an average daily traffic count of 25,805 vehicles. The property benefits from tremendous facade and pylon signage opportunities, ensuring high visibility for your business. The Amberwood Terrace shopping center is well-maintained and professionally managed, providing a positive environment for tenants. This in-fill location is approximately two miles south of a new Amazon distribution center on I-80/90, offering access to a strong daytime population and favorable demographics. The property sits on 6.04 acres of land and offers easy access to I-80/90 Toll Road and US 20 By-Pass. This is an attractive economic opportunity in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,116,621

  6.5%

  $8,415,342

  7%

  $7,814,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,823,056

  Geo Method

  $10,823,056

• Alternative Use

  Use

  Valuation

  Residential

  $7,098,656

  Hospitality

  $6,502,331

  Educational

  $5,409,863

  Medical

  $5,595,916

  Retail

  $8,415,342

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6841

Longitude

-85.8899

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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