30879 Old Us 20Elkhart, IN 46514
- Retail properties
- 5,550 SF
Property Details for 30879 Old Us 20
- Year built
- 1981
- Construction
- WOOD
- Lot size
- 0.41 AC
- Property size (Sq ft)
- 5,550 SF
- Zone code
- ZO01
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 20-05-03-153-011.000-005
- APU
- 200503153011000005
Description
This exceptional commercial property, located at 30879 Old US 20 in Elkhart, Indiana, presents a unique investment opportunity. Situated on a 0.41-acre lot, the single-story building boasts a prime location with high traffic visibility, making it ideal for a variety of businesses. The property features a spacious retail area or showroom, complemented by several private offices, providing ample space for administrative functions. A significant advantage is the inclusion of over 2800 square feet of warehouse space, accessible via two 10-foot overhead doors, opening up possibilities for storage, manufacturing, or distribution. The building's functionality is further enhanced by multiple security systems, ensuring the safety and security of both occupants and inventory. Ample parking is available on-site, catering to the needs of employees and customers. The flexible layout allows for the potential division into separate units, presenting an attractive option for generating rental income through leasing individual spaces. This property offers a compelling blend of retail, office, and warehouse space, making it a highly desirable asset in a thriving commercial area. The asking price is $475,000. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,437,334
- 6.5%
- $1,326,770
- 7%
- $1,232,001
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,821,676
- Geo Method
- $1,821,676
-
Alternative Use
- Use
- Valuation
- Residential
- $1,119,180
- Hospitality
- $1,025,163
- Educational
- $852,924
- Medical
- $882,257
- Retail
- $1,326,770
Location Insight
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Latitude
- 41.6889
- Longitude
- -86.0595
- 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
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].