1101 Parkway AveElkhart, IN 46516

  • Office properties
  • 4,703 SF
For Sale
$1,600,000 View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
    $1,012,464
    Hospitality
    $927,411
    Educational
    $771,595
    Medical
    $798,132
    Retail
    $1,200,260
1101 Parkway Ave, Elkhart, Indiana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,274
$81,600
$293,500
$375,100
-
$81,600
$293,500
$375,100

FAQs

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