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500 Collins Rd

9,450 SF Industrial Building Elkhart, IN 46516 $395,000 ($42/SF)

Investment Highlights

  • 1200 Amps of 480v power
  • New roof in 2023

Executive Summary

9,216 SF building on the east side of Elkhart with easy access to the CR 17 corridor. Building is situated on 1.04 acres. The building features 3 offices with a covered patio off the office area, 12’ eaves, 2 new grade level doors, 1 dock with new door, all new entry doors, 1200 amp/480 volt/3-Phase and 200 amp/120/240v/Single Phase power that was recently upgraded, new furnace, tool crib, small outside fenced storage area, and City water & sewer.
Also available for Lease at $4.88/SF, NNN.

Taxes & Operating Expenses (Actual - 2023)

Annual Annual Per SF
Taxes $5,765 $0.61
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2023)

Taxes
Annual $5,765
Annual Per SF $0.61
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $5,765
Annual Per SF $0.61

Property Facts

Price $395,000
Price Per SF $42
Sale Type Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
Building Class C
Lot Size 1.04 AC
Rentable Building Area 9,450 SF
No. Stories 1
Year Built/Renovated 1966/2022
Tenancy Single
Parking Ratio 1.27/1,000 SF
Clear Ceiling Height 12 FT
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 2

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 9,216 SF
  • Industrial
  • -
  • 30 Days
Space Size Space Use Condition Available
1st Floor 9,216 SF Industrial - 30 Days

1st Floor

Size
9,216 SF
Space Use
Industrial
Condition
-
Available
30 Days

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-06-02-326-002.000-012
Land Assessment
$29,000 (2022)
Improvements Assessment
$138,500 (2022)
Total Assessment
$167,500 (2022)
Annual Taxes
$5,765 ($0.61/SF)
Tax Year
2023 Payable 2024

zoning

Zoning Code M-1 (Light Manufacturing)
M-1 (Light Manufacturing)
  • Listing ID: 33513626

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 500 Collins Rd, Elkhart, IN 46516

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