2707 Toledo RdElkhart, IN 46517

Property Details for 2707 Toledo Rd

Year built

1990

Construction

TYPE NOT SPECIFIED

Lot size

4.51 AC

Property size (Sq ft)

30,360 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Strip malls

APN

20-06-11-178-002.000-011

APU

200611178002000011

Description

Summit Ridge Shopping Centre, located at 2707 Toledo Rd in Elkhart, Indiana, presents a compelling leasing opportunity for retail businesses. This Class C property, built in 1990, offers a total of 30,000 square feet of retail space within a 4.51-acre lot. The center is zoned B-3, allowing for a variety of retail uses. Currently, there are 8,250 square feet of vacant space available, divisible into units as small as 1,375 square feet, with a maximum contiguous space of 2,750 square feet. This makes it ideal for both smaller businesses seeking a manageable footprint and larger enterprises looking to expand within the Elkhart submarket. The property's location in Elkhart County, within the Elkhart submarket cluster, provides excellent access to a substantial customer base. The address is conveniently situated on Toledo Road, ensuring high visibility and accessibility. This is a fantastic opportunity to establish or expand your retail presence in a well-established shopping center within a thriving community. The property's size and layout offer flexibility for a range of retail concepts. Interested parties are encouraged to inquire about available space and lease terms. The property is situated in Elkhart, IN, zip code 46517.

• CAP approach

  CAP return

  Valuation

  6%

  $8,393,905

  6.5%

  $7,748,220

  7%

  $7,194,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,965,063

  Geo Method

  $9,965,063

• Alternative Use

  Use

  Valuation

  Residential

  $6,535,913

  Hospitality

  $5,986,862

  Educational

  $4,980,998

  Medical

  $5,152,302

  Retail

  $7,748,220

Location Insight

City

Elkhart

County

Elkhart

State

Indiana

Latitude

41.6746

Longitude

-85.9196

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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