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Woodland Crossing 290 W Hively Ave 3,187 SF Retail Building Elkhart, IN 46517 $500,000 ($156.89/SF)

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EXECUTIVE SUMMARY

Redevelopment site available at the signalized corner of Hively & Benham, Elkhart, IN.
The City of Elkhart Redevelopment Commission is planning on redeveloping the Woodland
Crossing Shopping Mall into a mixed use development combining a proposed 140 residential
units, $6.25 M infrastructure investment and 200,000 SF of improved commercial space.
Existing national & regional retailers including Kroger & CVS are long established.
The site has the potential to be expanded to the north & east depending upon proposed use.
Use restrictions are in place for fuel sales, pharmacy, grocery and others. Many other uses remain
available such as office, quick service restaurant and community service users.
2024 Annual Average Daily Traffic counts: Benham-6,194 Hively-8,325

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,187 SF
Building Class
B
Year Built
1989
Price
$500,000
Price Per SF
$156.89
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.62 AC
Zoning
B-2 - B-2 Community Business
Parking
10 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
185’ on Benham Ave

AMENITIES

  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Marathon Petroleum Corporation is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation’s largest refining system with more than 3 million barrels per day of crude oil capacity across 16 refineries. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. Speedway LLC, a Marathon Petroleum subsidiary, owns and operates retail convenience stores across the United States. Marathon Petroleum also owns the general partner and majority limited partner interests in two midstream companies, MPLX LP and Andeavor Logistics LP, which own and operate gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

CrossFit
Kroger
Keybank
Rent-A-Center
Harold's Chicken

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-06-17-276-006.000-012
Land Assessment
$61,200
Improvements Assessment
$164,400
Total Assessment
$225,600
  • Listing ID: 38012375

  • Date on Market: 10/9/2025

  • Last Updated:

  • Address: 290 W Hively Ave, Elkhart, IN 46517

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