207 Elkhart StWakarusa, IN 46573

Property Details for 207 Elkhart St

Year built

1958

Lot size

0.14 AC

Zone code

ZO01

Property type

Specialty properties

APN

20-09-26-481-017.000-025

APU

200926481017000025

Description

This exceptional 9,560-square-foot medical office building presents a compelling investment opportunity. Located at 207 N Elkhart St, Wakarusa, IN 46573, this Class B property boasts a prime location near SR 19, surrounded by retail and residential areas. Built in 1957, the building sits on a 0.765-acre lot encompassing four parcels (APN: 20-09-26-481-011.000-025

• CAP approach

  CAP return

  Valuation

  6%

  $1,281,300

  6.5%

  $1,182,730

  7%

  $1,098,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $782,933

  Geo Method

  $782,933

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,166,750

  Retail / Commercial

  $1,142,770

  Mixed-Use / Specialty

  $1,163,650

  Hospitality / Lodging

  $886,228

  Office

  $1,182,730

  Institutional / Educational

  $1,218,650

  Residential Income

  $1,425,820

  Multifamily

  $1,571,700

  Automotive / Energy

  $1,044,560

  Parking / Income-Based Land

  $335,807

  Restaurant / Food Service

  $658,488

  Healthcare / Senior Housing

  $1,167,710

Location Insight

City

Wakarusa

County

Elkhart

State

Indiana

Latitude

41.538

Longitude

-86.0214

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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