830 Parkway AveElkhart, IN 46516

Property Details for 830 Parkway Ave

Year built

2006

Construction

TYPE NOT SPECIFIED

Lot size

1.99 AC

Property size (Sq ft)

10,560 SF

Zone code

ZO01

Property type

Strip malls

Property subtype

Neighborhood centers

APN

20-07-07-102-006.000-039

APU

200707102006000039

Description

This 1,560 square foot office suite is located within a 10,560 square foot multi-tenant building at 830 Parkway Ave, Elkhart, IN 46516. Built in 2006, the property features a convenient location in Elkhart's rapidly expanding retail sector, near the intersection of County Road 14 and Parkway Avenue, and close to Bullard's Farm Market. The building is situated approximately two miles from the I-80/90 Toll Road and half a mile from the US 20/31 Bypass, ensuring excellent accessibility. The suite is an end-cap unit offering high visibility. The property boasts 50 paved on-site parking spaces, providing ample parking for tenants and their clients. Municipal utilities are in place. The building is zoned B-3 PUD and offers a diverse tenant mix, including El Maguey Family Restaurant and Metropolitan Title. Suite signage is available at tenant expense. The minimum divisible space is 1,560 square feet, with a maximum contiguous space of 1,560 square feet. The total land area encompasses 1.99 acres. This is an exceptional opportunity for businesses seeking a well-located, modern office space in a thriving commercial area. The property is ideal for a variety of office uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,919,619

  6.5%

  $2,695,033

  7%

  $2,502,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,466,109

  Geo Method

  $3,466,109

• Alternative Use

  Use

  Valuation

  Residential

  $2,273,361

  Hospitality

  $2,082,386

  Educational

  $1,732,521

  Medical

  $1,792,105

  Retail

  $2,695,033

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6808

Longitude

-85.8852

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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