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Listed by Coldwell Banker Real Estate Group
$2,500,000
Est. payment /mo
12 Baths
3.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202621188
HOA Y/N No
Year Built 1988
Annual Tax Amount $27,518
Tax Year 2026
Lot Size 3.420 Acres
Acres 3.42
Lot Dimensions 398x374
Property Sub-Type Retail
Property Description
Fantastic redevelopment or investment opportunity on heavily traveled CR 6 E (over 18,000 cars daily) just off the corner with SR 19 (over 20,000 cars daily, INDOT Traffic Counts) right in the heart of a strong retail corridor. Sitting on 3.42 acres boasting nearly 400 FT of frontage, and zoned PUD: Planned Unit Development, this property allows for a wide array of mixed-use developments. The property also consists of a fully leased 16,150 SF building with below market rents that have plenty of ability for increases. 3-way liquor license is included in the price used by Margarita's Mexican Restaurant. Each unit has individually metered gas forced air heating, central A/C, 200-amp electrical service, handicap accessible restrooms, water heaters, furnace rooms, and storage areas. Great proximity, only 1 mile from the IN-Toll Road interchange at IN-19, 2 miles to Simonton Lake 2.5 miles from Downtown Elkhart, 4 miles to IN-17, 5.5 miles from the US-20 Bypass, and 15.5 miles to the University of Notre Dame. Taxes: $27,518,14. Tax Year: 2025, pay 2026. Zoned PUD: Planned Unit Development.
Location
State IN
County Elkhart County
Rooms
Basement Slab
Interior
Heating Gas
Inclusions Building, Lease, License Included
Fireplace N
Exterior
Parking Features Parking Lot
View Y/N true
Building
Sewer Public Sewer
Water City
New Construction No
Others
Pets Allowed No
Tax ID 20-02-29-226-014.000-027
Acceptable Financing IRM202621188
Listing Terms IRM202621188
Special Listing Condition None
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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