1631-1633 Toledo Rd 6,600 SF 100% Leased Retail Building Elkhart, IN 46516 $499,999 ($75.76/SF)

This self-storage and retail property offers a compelling investment opportunity in the growing Elkhart market. The facility spans two parcels totaling approximately 0.77 acres and includes 46 storage units with varying sizes, plus one occupied retail space. With a current storage occupancy rate of 30%, the property provides significant upside potential for an investor focused on stabilization and income growth.
The site features over 5,000 square feet of rentable space, ample parking, and a retail tenant secured through most of 2026, ensuring a steady income stream. Positioned along Toledo Road, the property benefits from high visibility and strong traffic counts of approximately 9,300 vehicles per day. The surrounding area boasts a dense population of nearly 100,000 residents within a five-mile radius, creating consistent demand for storage and retail services.
Recent upgrades include newly installed security cameras and an updated entry gate, enhancing operational security and tenant confidence. With a sale price of $499,999, this asset offers an attractive entry point for investors seeking a value-add opportunity in a well-located, income-producing property.