1021 Kercher RdGoshen, IN 46526

Property Details for 1021 Kercher Rd

Year built

2021

Construction

TYPE NOT SPECIFIED

Lot size

1.61 AC

Property size (Sq ft)

11,020 SF

Zone code

ZO01

Property type

Strip malls

Property subtype

Neighborhood centers

APN

20-11-22-451-008.000-015

APU

201122451008000015

Description

This exceptional 12,000 square foot shopping center in Goshen, Indiana, presents a compelling investment opportunity. Built in 2021, the single-story building sits on a 1.61-acre lot (APN 20-11-22-451-008.000-015) and is zoned Goshen9. Currently, 48% occupied (6,200 net rentable square feet) by two tenants under 10-year leases commencing April 20, 2023, and expiring April 20, 2033, the property offers significant upside. The existing tenants, Big C's BBQ and The Coffee Depot, contribute to a strong, established base. An additional 6,200 square feet of versatile space is available for lease, ideal for retail or office use, and easily adaptable to accommodate 2-3 additional tenants. The property benefits from its strategic location near an industrial park, established residential areas, and a planned 1,200-home subdivision, promising substantial future growth. The asking price is $1,800,000 ($150/sq ft). This high-quality, low-maintenance property offers a strong return on investment and long-term lease security. The property's prime location and development potential make it an attractive addition to any portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $2,269,630

  6.5%

  $2,095,050

  7%

  $1,945,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,492,770

  Geo Method

  $1,492,770

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,972,320

  Mixed-Use / Specialty

  $2,133,330

  Hospitality / Lodging

  $1,624,730

  Office

  $2,168,310

  Institutional / Educational

  $2,234,160

  Residential Income

  $2,613,960

  Multifamily

  $2,881,400

  Automotive / Energy

  $1,914,990

  Parking / Income-Based Land

  $615,637

  Restaurant / Food Service

  $1,207,210

  Healthcare / Senior Housing

  $2,140,770

Location Insight

City

Goshen

County

Elkhart

State

Indiana

Latitude

41.5521

Longitude

-85.8141

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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