69098 Elkhart RdEdwardsburg, MI 49112

Property Details for 69098 Elkhart Rd

Lot size

0.36 AC

Property type

Commercial real estate

APN

14-091-100-133-01

APU

1409110013301

Description

This exceptional 1.17-acre parcel in Edwardsburg, Michigan, presents a remarkable opportunity for astute investors and entrepreneurs. Located at 69098 Elkhart, the property is zoned commercial, unlocking a wide array of potential uses. The expansive acreage offers significant flexibility for development, catering to a diverse range of business ventures. Whether you envision a retail establishment, a light industrial facility, or a mixed-use development, this site provides the ideal foundation for success. Its strategic location within Edwardsburg offers convenient access to major transportation routes, ensuring excellent connectivity for both employees and customers. The property's zoning designation ensures a streamlined permitting process, minimizing potential delays and maximizing efficiency. This is a rare chance to acquire a substantial commercial property in a thriving Michigan community. The asking price of $399,900 represents exceptional value for a site with such high development potential and prime location. Serious inquiries are encouraged to explore the possibilities and secure this exceptional investment opportunity. The absence of existing structures allows for complete design freedom, enabling the creation of a bespoke development tailored to specific business needs. This blank canvas presents a unique chance to build a lasting legacy in a vibrant and growing market. Don't miss this chance to acquire a piece of Edwardsburg's commercial future.

• CAP approach

  CAP return

  Valuation

  6%

  $3,128,510

  6.5%

  $2,887,850

  7%

  $2,681,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,042,580

  Geo Method

  $2,042,580

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,452,820

  Retail / Commercial

  $2,841,730

  Mixed-Use / Specialty

  $2,867,500

  Hospitality / Lodging

  $2,150,530

  Office

  $2,887,850

  Institutional / Educational

  $2,993,870

  Residential Income

  $3,502,830

  Multifamily

  $4,002,100

  Automotive / Energy

  $2,566,180

  Parking / Income-Based Land

  $850,091

  Restaurant / Food Service

  $1,568,020

  Healthcare / Senior Housing

  $2,903,760

Location Insight

City

Edwardsburg

County

Cass

State

Michigan

Latitude

41.795

Longitude

-86.0813

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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