Restaurant/Retail - Downtown Elkhart

Retail-Commercial for Sale
Catylist Listing ID: 30138532
Property Subtypes: Restaurant, Other
Building Size (RSF): 2,136 SF
Gross Building Area: See Agent
Gross Land Area: 0.13 Acres
Sale Price: $179,900
Unit Price: $84.22 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 12/11/2017

Overview / Comments

This property is now part of the expanded Riverfront District. This is good for several reasons including that a Liquor license is now considerably cheaper to get for this property.

Great Opportunity for a Restaurant/Retail Downtown Elkhart. This vacant, free standing, corner lot is located along busy 2nd Street and Marion. Traffic counts for the corner of 2nd and Marion approach 11k daily. The building is walking distance from many downtown businesses and residential neighborhoods.

Property may be eligible for special including (Tax Abatement, Gateway Mile, River Front District, and others). Building has recently had many updates including equipment, hoods, roof, bathrooms and more.

Sale includes building, land and all the equipment.

Additional Details

Nearest MSA: Elkhart-Goshen
County: Elkhart
Tax ID/APN: 20-06-05-457-011.000-012
Zoning: CBD
Site Description: If going north on Main Street from Post Office, turn left on West Marion Street.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1975
Construction/Siding: Block, Brick
Parking Description: Lot, paved, public
Zoning Description: CBD and is in the Enterprise Zone.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,916 70,351 103,792
Median Age: 32.35 34.63 36.24
Households: 5,462 26,247 38,804
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