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2801 Bristol St 4,160 SF 25% Leased Office Building Elkhart, IN 46514 $225,000 ($54.09/SF)
EXECUTIVE SUMMARY
Located in the Kenneth Shultz Professional Village on busy East Bristol Street.
2801 E Bristol Street offers a main floor with 7 offices (4 Leased), shared reception area,
shared breakroom and 2 restrooms. Finished lower level has two entrances, 3 large
open areas, a smaller private office and a full bath.
This property has existing rental income with 4 tenants.
Three vacant offices on the 1st floor provide opportunity for the new owner to rent out our use for their own operation.
Exterior maintenance, snow plowing, trash service, security system and property
insurance are managed by the association, paid by owner monthly-$600.00
2801 E Bristol Street offers a main floor with 7 offices (4 Leased), shared reception area,
shared breakroom and 2 restrooms. Finished lower level has two entrances, 3 large
open areas, a smaller private office and a full bath.
This property has existing rental income with 4 tenants.
Three vacant offices on the 1st floor provide opportunity for the new owner to rent out our use for their own operation.
Exterior maintenance, snow plowing, trash service, security system and property
insurance are managed by the association, paid by owner monthly-$600.00
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$12,480
|
$3.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$12,480
|
$3.00
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $12,480 |
| Annual Per SF | $3.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $12,480 |
| Annual Per SF | $3.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,160 SF
Building Class
C
Year Built
1999
Price
$225,000
Price Per SF
$54.09
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,080 SF
Building FAR
0.25
Lot Size
0.38 AC
Zoning
B-
Parking
20 Spaces (8.7 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Shultz Appraisal Services Inc
- Real Estate
- -
- -
- -
- Turning Point Counseling
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Shultz Appraisal Services Inc | Real Estate | - | - | - | ||
| Turning Point Counseling | Health Care and Social Assistance | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 20-02-34-401-015.000-027 | Improvements Assessment | $218,800 |
| Land Assessment | $47,800 | Total Assessment | $266,600 |
PROPERTY TAXES
Parcel Number
20-02-34-401-015.000-027
Land Assessment
$47,800
Improvements Assessment
$218,800
Total Assessment
$266,600
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2801 Bristol St
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