921 Johnson StElkhart, IN 46514
- Turn key restaurants
- 2,968 SF
For Sale
$375,000
View listing
Property Details for 921 Johnson St
- Year built
- 1934
- Construction
- WOOD
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 2,968 SF
- Zone code
- ZO01
- Property type
- Turn key restaurants
- APN
- 20-06-05-229-002.000-012
- APU
- 200605229002000012
Description
This exceptional commercial property, located at 921 Johnson Street in Elkhart, Indiana, presents a compelling investment opportunity. Situated on a sizable 0.23-acre lot, the property offers significant potential for a variety of commercial uses. The building itself is a general commercial structure, ideal for entrepreneurs seeking a versatile space to establish their business. The asking price is $375,000, representing a strong value proposition in the current market. The property's location in Elkhart provides easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a well-positioned commercial property in a desirable area. The sale includes the real estate only
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $820,590
- 6.5%
- $757,468
- 7%
- $703,363
-
Comparable approach
- Method
- Valuation
- Relative Method
- $974,187
- Geo Method
- $974,187
-
Alternative Use
- Use
- Valuation
- Residential
- $638,952
- Hospitality
- $585,277
- Educational
- $486,943
- Medical
- $503,690
- Retail
- $757,468
921 Johnson St, Elkhart, Indiana
Location Insight
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Latitude
- 41.6951
- Longitude
- -85.9663
- 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
$4,022
$41,100
$90,600
$131,700
-
$41,100
$90,600
$131,700
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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