1715 Cassopolis St
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1715 Cassopolis St
3,360 SF 100% Leased Flex Building Elkhart, IN 46514 $250,000 ($74/SF) 9.41% Cap Rate
Investment Highlights
- Tenant in place through May 31, 2027 paying $1,960 a month with increases
- Nicely finished front reception area and mezzanine office space
- 16.5’ full; 14.9’ clear ceiling heights in main garage area
- Recent capital improvements to roof, pavement, fixtures, and mechanicals
- Full kitchen and bathroom
- Rear alley access
Executive Summary
1715 Cassopolis St. is a well-maintained 3,360 square foot flex garage space on a high-traffic main thoroughfare in the heart of Elkhart, IN. The building features updated office/reception space and a finished mezzanine complete with a full kitchen; a bathroom complete with shower; and a main garage space with a 14’ overhead door and 14.9’ clear height. The main bay is 28’ wide and 60’ long with water hookups nearby, a gas forced air unit, utility sink, and additional shelved storage area. The layout is perfect for a vehicle maintenance or repair shop in need of strong retail frontage.
Property Facts
| Price | $250,000 | Lot Size | 0.15 AC |
| Price Per SF | $74 | Rentable Building Area | 3,360 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9.41% | Year Built | 1900 |
| Property Type | Flex | Parking Ratio | 0.89/1,000 SF |
| Property Subtype | Showroom | Cross Streets | Modrell Blvd |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $250,000 |
| Price Per SF | $74 |
| Sale Type | Investment |
| Cap Rate | 9.41% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.15 AC |
| Rentable Building Area | 3,360 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.89/1,000 SF |
| Cross Streets | Modrell Blvd |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 20-02-32-203-018.000-027 | Improvements Assessment | $51,600 |
| Land Assessment | $82,300 | Total Assessment | $133,900 |
PROPERTY TAXES
Parcel Number
20-02-32-203-018.000-027
Land Assessment
$82,300
Improvements Assessment
$51,600
Total Assessment
$133,900
zoning
| Zoning Code | B-3 (Service Business District (City of Elkhart)) |
| B-3 (Service Business District (City of Elkhart)) |
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1715 Cassopolis St
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