929 Michigan StElkhart, IN 46514

  • Warehouses
  • 89,912 SF
For Sale
$485,000 View listing

Property Details for 929 Michigan St

Year built
1898
Construction
TYPE NOT SPECIFIED
Lot size
1.05 AC
Property size (Sq ft)
89,912 SF
Property type
Warehouses
APN
20-06-06-227-005.000-012
APU
200606227005000012

Description

This expansive Elkhart, Indiana industrial property presents a significant investment opportunity. Encompassing approximately 5.5 acres, the site features two substantial buildings totaling roughly 115,000 square feet of space. The buildings boast impressive 40+ foot high ceilings, ideal for various manufacturing or warehousing applications, and are further enhanced by the inclusion of overhead cranes, streamlining material handling. Convenient rail access adds another layer of logistical advantage to this already impressive offering. Each building includes dedicated office space, providing ample room for administrative functions. While the property has been vacant for a period, and thus requires some attention and refurbishment, the sheer scale and potential are undeniable. A large, fenced-in area and a paved lot provide ample outdoor space for storage, maneuvering, or expansion. The 3.5-acre lot offers significant flexibility for future development or repurposing. This property is primed for a creative entrepreneur or investor seeking a substantial industrial space with excellent infrastructure and significant upside potential. The location in Elkhart, Indiana offers access to a robust transportation network and a skilled workforce. This is a rare opportunity to acquire a large-scale industrial property with considerable potential for a variety of uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $19,356,292
    Hospitality
    $17,730,260
    Educational
    $14,751,368
    Medical
    $15,258,690
    Retail
    $22,946,572
929 Michigan St, Elkhart, Indiana

Location Insight

City
Elkhart
County
Elkhart
State
Indiana
Latitude
41.6947
Longitude
-85.9862
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
$49,055
$37,000
$1,579,800
$1,616,800
-
$37,000
$1,579,800
$1,616,800

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