500 Nappanee StElkhart, IN 46516

Property Details for 500 Nappanee St

Year built

1973

Construction

TYPE NOT SPECIFIED

Lot size

1.96 AC

Property size (Sq ft)

20,000 SF

Zone code

ZO01

Property type

Office properties

APN

20-06-06-151-048.000-012

APU

200606151048000012

Description

This exceptional 0.36-acre commercial lot, located at 500 N Nappanee Street in Elkhart, Indiana, presents a unique investment opportunity. Situated in the B-3 Service Business District of Elkhart County, this single-tenant property offers significant potential for a variety of commercial uses. The zoning allows for a wide range of businesses, making it an ideal location for entrepreneurs and established companies alike. The property's convenient location within the Elkhart submarket cluster ensures high visibility and easy access to major transportation routes, enhancing its appeal to potential tenants. With a total land area of 0.36 acres, this parcel provides ample space for development, allowing for flexibility in design and construction. The address is 500 N Nappanee St, Elkhart, IN 46516. This property is currently available for lease and represents a compelling opportunity to establish a presence in a thriving Elkhart commercial area. The property's size and zoning make it suitable for a variety of commercial ventures. Interested parties are encouraged to explore the possibilities this prime location offers. The property is located in Elkhart County, Indiana.

• CAP approach

  CAP return

  Valuation

  6%

  $3,761,620

  6.5%

  $3,472,264

  7%

  $3,224,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,605,000

  Geo Method

  $2,605,000

• Alternative Use

  Use

  Valuation

  Residential

  $4,305,608

  Hospitality

  $3,943,914

  Educational

  $3,281,290

  Medical

  $3,394,139

  Retail

  $5,104,229

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6898

Longitude

-86.0028

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].