1001 Parkway AveElkhart, IN 46516

Property Details for 1001 Parkway Ave

Year built

2005

Construction

WOOD

Lot size

4.84 AC

Property size (Sq ft)

30,800 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Strip malls

APN

20-07-07-101-002.000-039

APU

200707101002000039

Description

Parkway Plaza, a well-established commercial center located on CR 17 in Elkhart County, offers a turnkey office suite available for lease starting January 1, 2024. This 1,600 square foot space is situated within a larger 30,156 square foot building constructed in 2008 and renovated in 2016. The building boasts a diverse mix of retail, office, and restaurant tenants, ensuring a vibrant and convenient location. The suite itself is ideally suited for a variety of office uses, featuring six private offices, a dedicated conference room, and two comfortable waiting areas. Additional amenities include two restrooms and a storage area. The property benefits from a high-profile location in a thriving development area, easily accessible from Middlebury Street and Parkway Ave. The suite is equipped with a 200 amp 3-phase power supply. This is a rare opportunity to secure a move-in ready office space in a desirable location within a well-maintained and established commercial center. The space is currently configured as an office and is immediately available. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $8,515,555

  6.5%

  $7,860,512

  7%

  $7,299,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,109,484

  Geo Method

  $10,109,484

• Alternative Use

  Use

  Valuation

  Residential

  $6,630,636

  Hospitality

  $6,073,628

  Educational

  $5,053,186

  Medical

  $5,226,974

  Retail

  $7,860,512

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6786

Longitude

-85.887

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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