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1248 N Nappanee St
Elkhart, IN 46514
$1 Auction - REIT Sale | Former Restaurant · Retail Property For Sale
Investment Highlights
- ABSOLUTE $1 AUCTION | Former Fazoli’s Restaurant | 23K VPD | Drive Thru | AUCTION MARCH 2-4
- ±23,851 VPD Traffic Count Frontage on Bristol Street and Just Off Signalized Intersection with ±7,192 VPD on John Weaver Pkwy
- Dense Demographics with 5-Mile Population of ±102,885 and Annual Household Income of ±$71,576
- Freestanding Former Fazoli’s Restaurant with Drive-Thru available at Significant Discount Below Replacement Cost
- Nearby National Retailers: Lowe’s, Walmart, Meijer, Aldi, Chick-fil-A, CVS, Wendy’s, Subway, Dollar General
- Zoned B-3, Service Business District with a Variety of Permitted Uses
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,364 SF
Building Class
C
Year Built
1996
Building Height
1 Story
Building FAR
0.08
Lot Size
0.96 AC
Zoning
B-3 - Commercial Zoned District
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 20-02-31-304-008.000-027 | Improvements Assessment | $356,000 |
| Land Assessment | $65,500 | Total Assessment | $421,500 |
Property Taxes
Parcel Number
20-02-31-304-008.000-027
Land Assessment
$65,500
Improvements Assessment
$356,000
Total Assessment
$421,500
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