2501 Lexington AveElkhart, IN 46514

For Sale
$349,000 View listing
  • Parking lots & garages
  • 2,880 SF

Property Details for 2501 Lexington Ave

Year built
1973
Construction
WOOD
Lot size
0.52 AC
Property size (Sq ft)
2,880 SF
Property type
Parking lots & garages
APN
20-05-01-403-003.000-006
APU
200501403003000006

Description

This 2,880 square foot industrial building, situated on a 2.22-acre lot in Elkhart, Indiana, presents a compelling investment opportunity. Previously used as an automotive shop, the property offers versatile space suitable for various uses, including automotive service and sales, small-scale fabrication, or transportation-related businesses. The building boasts over one acre of secured storage space behind it, providing ample room for inventory or equipment. Its location on the west side of Elkhart offers convenient access to major transportation arteries, including US 20 Bypass and the Indiana Toll Road (I-80/90) via State Road 19. This central location provides easy access to both Elkhart and Mishawaka. A unique feature is deeded river access, presenting potential for a boat slip. Furthermore, the property has a history of generating $5,000 to $10,000 annual income as a potential U-Haul franchisee, adding to its investment appeal. The property is located at 2501 W Lexington Ave, Elkhart, IN 46514. This is a single-building property with a listed asking price of $349,000.

2501 Lexington Ave, Elkhart, Indiana

Location Insight

City
Elkhart
County
Elkhart
State
Indiana
Latitude
41.6851
Longitude
-86.0105
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
$2,326
$42,300
$33,200
$75,500
-
$42,300
$33,200
$75,500

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