1651 Toledo Rd
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1651 Toledo Rd
23,060 SF Industrial Building Elkhart, IN 46516 $995,000 ($43/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 23,060 Net Rentable Square Feet
- 27 Non-Climate Controlled Units
- High Daily Traffic Counts: 9,300
- 3.21 Acres
- 5 Retail Spaces | 8 Parking Spaces
- Dense Surrounding Population: 93,335 People Living Within a Five-Mile Radius
EXECUTIVE SUMMARY
The facility consists of 27 non-climate controlled units and five retail spaces totaling 23,060 net rentable square feet. This is not fully occupied with the ability to capture higher rents and more income through stabilized growth.
PROPERTY FACTS
| Price | $995,000 | Lot Size | 3.21 AC |
| Price Per SF | $43 | Rentable Building Area | 23,060 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.35% | Year Built | 1988 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 1.52/1,000 SF |
| Building Class | C |
| Price | $995,000 |
| Price Per SF | $43 |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.21 AC |
| Rentable Building Area | 23,060 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 1.52/1,000 SF |
AMENITIES
- Air Conditioning
UTILITIES
- Water
- Sewer
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PROPERTY TAXES
| Parcel Number | 20-06-10-176-029.000-009 | Improvements Assessment | $100,600 |
| Land Assessment | $21,700 | Total Assessment | $122,300 |
PROPERTY TAXES
Parcel Number
20-06-10-176-029.000-009
Land Assessment
$21,700
Improvements Assessment
$100,600
Total Assessment
$122,300
ZONING
| Zoning Code | P-3, PUD (Commercial) |
| P-3, PUD (Commercial) |
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1651 Toledo Rd
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