1178 Fremont CtElkhart, IN 46516

Property Details for 1178 Fremont Ct

Year built

2004

Construction

WOOD

Lot size

1.63 AC

Property size (Sq ft)

6,000 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

20-06-12-476-008.000-011

APU

200612476008000011

Description

Exceptional sublease opportunity in Elkhart County awaits a new tenant. This 3,500 square foot space, part of a 5,500 square foot, two-tenant building, offers 19 individual rooms and a 500 square foot upper-level conference room. The current lease runs until July 31, 2026, but the landlord is open to negotiating a longer-term agreement. The space boasts an open lobby area and ample room for staff, making it ideal for a variety of businesses. The building is conveniently located off CR 17, providing excellent visibility and signage opportunities. This is a traditional office space suitable for medical practices as well. All utilities, snow removal, taxes, insurance, and HVAC maintenance are covered by the landlord; the tenant reimburses an estimated $7.48 per square foot monthly. The co-tenant is Heart to Heart Hospice. This versatile space presents numerous possibilities for a discerning business seeking a move-in ready location with excellent amenities. The property is situated in Elkhart County and has a cross street of Verdant Dr. This is a rare opportunity to secure a well-maintained, fully-serviced office space in a prime location. Don't miss out on this chance to establish your business in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,128,486

  6.5%

  $1,041,679

  7%

  $967,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $781,500

  Geo Method

  $781,500

• Alternative Use

  Use

  Valuation

  Residential

  $1,291,682

  Hospitality

  $1,183,174

  Educational

  $984,387

  Medical

  $1,018,242

  Retail

  $1,531,269

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6716

Longitude

-85.8895

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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