1101 Parkway AveElkhart, IN 46516

Property Details for 1101 Parkway Ave

Year built

2020

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

4,703 SF

Property type

Office properties

APN

20-07-07-151-014.000-039

APU

200707151014000039

Description

This exceptional 10,000 square foot executive office space is available for purchase at $1,600,000. Located at 1101 Parkway Avenue, #200, in Elkhart, Indiana (zip code 46516), this mixed-use property presents a fantastic opportunity for businesses seeking a prominent location in Elkhart County. The building offers ample parking, a significant advantage for employees and clients. The property's versatile design makes it suitable for a variety of professional uses, including office, retail, or medical practices. The 10,000 square feet provide substantial space for expansion and growth. This prime location in Elkhart offers excellent visibility and accessibility, making it an ideal investment for businesses looking to establish or expand their presence in a thriving community. The property is classified as both Office and Mixed Use, providing flexibility for diverse business needs. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is situated at 41.677552 latitude and -85.886916 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $884,545

  6.5%

  $816,503

  7%

  $758,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $612,566

  Geo Method

  $612,566

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,012,464

  Hospitality / Lodging

  $927,411

  Institutional / Educational

  $771,595

  Healthcare / Senior Housing

  $798,132

  Retail / Commercial

  $1,200,260

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6778

Longitude

-85.8865

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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