929 Michigan StElkhart, IN 46514
- Warehouses
- 89,912 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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