222 Harrison StElkhart, IN 46516

Property Details for 222 Harrison St

Year built

2003

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

6,000 SF

Zone code

ZO01

Property type

Office properties

Property subtype

Other office properties

APN

20-06-05-457-018.000-012

APU

200605457018000012

Description

This 6,000-square-foot single-tenant building, located at 222 Harrison St in Elkhart, Indiana (zip code 46516), presents a unique opportunity. Situated on the west edge of downtown Elkhart between 2nd and 3rd Street, this property offers versatile space ideal for creative office, traditional office, or medical office uses. The building boasts four private offices, a janitorial room, mechanical room, storage room, and a large open area suitable for an open office or showroom. Amenities include a kitchenette/break room and three restrooms. The exterior features low-maintenance brick and block construction with a shingled roof. Ample parking is available on-site for 24 vehicles, with additional parking at the adjacent "Triangle" public lot. Central Business District zoning allows for diverse uses, including live/work options. The building is currently available for lease at $9.00 per square foot and is also for sale at a reduced price of $349,000. Elkhart County location provides easy access to area amenities and transportation.

• 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

41.6817

Longitude

-85.9734

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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