126 Lexington AveElkhart, IN 46516

Property Details for 126 Lexington Ave

Year built

1910

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

7,793 SF

Zone code

ZO01

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

20-06-05-406-012.000-012

APU

200605406012000012

Description

This exceptional opportunity presents two executive office suites for lease within a historic building at 126 & 128 West Lexington Avenue in Elkhart, Indiana, 46516. Located in Elkhart County, this property offers a total of 1,001 square feet, currently entirely vacant and ready for immediate occupancy. Each suite is individually divisible, with a minimum leasable area of 450 square feet and a maximum contiguous space of 551 square feet, providing flexibility for various business needs. The building, constructed in 1910, boasts a unique character and charm. Parking is conveniently available via street parking. The property is classified as an Executive Office space and is suitable for multiple tenants. This prime location in Elkhart offers easy access to local amenities and transportation. The suites are ideal for businesses seeking a prestigious address and a well-maintained workspace in a vibrant community. Don't miss this chance to secure your ideal office space in this desirable Elkhart location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,817,487

  6.5%

  $1,677,680

  7%

  $1,557,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,573,309

  Geo Method

  $1,573,309

• Alternative Use

  Use

  Valuation

  Residential

  $1,677,680

  Hospitality

  $1,536,746

  Educational

  $1,278,555

  Medical

  $1,322,526

  Retail

  $1,988,863

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6861

Longitude

-85.9743

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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