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1311 NW Laurel St 1,800 SF Industrial Condo Unit Offered at $318,000 in Elkhart, IA 50073
Investment Highlights
- Located just off Interstate 35
- Ample foot traffic
- Excellent highway visibility
Executive Summary
This 3,600 square foot industrial space, featuring two bays, is zoned for industrial use and is ideal for a variety of purposes, including flex space, a workshop, warehouse, or personal hobby area. The facility includes an existing restroom, LED lighting, and multiple electrical outlets, making it convenient for a range of activities. Additionally, there is ample outside parking available, and the property is strategically located just off Interstate 35, providing easy access. The space also boasts two 14-foot overhead doors and sidewalls ranging from 17 to 20 feet in height.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.00% |
| Sale Type | Investment |
| Cap Rate | 7.00% |
Description
Strategically located north of Costco, Starbucks, Albaugh Inc. & CSB, off Interstate 35
Sale Notes
This industrial property presents a compelling value proposition for investors seeking a stable return. Contact a broker today for additional details to grow your portfolio.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 118 | 1,800 SF | Industrial | $318,000 ($176.67/SF) | $22,248 |
Unit 118
| Unit Size |
| 1,800 SF |
| Condo Use |
| Industrial |
| Price |
| $318,000 ($176.67/SF) |
| NOI |
| $22,248 |
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Unit 118
| Unit Size | 1,800 SF |
| Condo Use | Industrial |
| Price | $318,000 ($176.67/SF) |
| NOI | $22,248 |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Description | |
| Strategically located north of Costco, Starbucks, Albaugh Inc. & CSB, off Interstate 35</li></ul> | |
| Sale Notes | |
| This industrial property presents a compelling value proposition for investors seeking a stable return. Contact a broker today for additional details to grow your portfolio.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 54,000 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 54,000 SF |
| Property Subtype | Truck Terminal | Year Built | 2022 |
| Building Class | A | Lot Size | 3.84 AC |
| Zoning | M-1 - Light Industrial | ||
| Total Building Size | 54,000 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Truck Terminal |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 54,000 SF |
| Year Built | 2022 |
| Lot Size | 3.84 AC |
| Zoning | M-1 - Light Industrial |
Amenities
- Storage Space
- Smoke Detector
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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1311 NW Laurel St
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