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North Pointe Office/Retail Bldg 3225 Southview Dr 13,568 SF 28% Leased Office Building Elkhart, IN 46514 $999,999 ($73.70/SF)



INVESTMENT HIGHLIGHTS
- Suites 200, 300, 401 are currently available for lease
- Suite 500 has a 5 year lease in place ending in 2028
- Buyer can lease spaces for additional income or occupy
- Creative financing solutions available for qualified buyers
EXECUTIVE SUMMARY
Sturges Property Group is pleased to present the Northpointe Building for sale located on the north side of Elkhart, Indiana. The well-maintained Class A, 13,568 square foot commercial office building was constructed in 2001. The building location is than a half mile from the intersection of SR 19 and the Indiana Toll Road 80/90 which provides an optimal location in terms of both access and visibility.
3225 Southview Drive is a "value-add", 28% leased asset with one tenant with a five-year triple net lease in place. The property is priced “below replacement cost” which can be significant advantage for an investor or owner/user. Creative financing solutions available for qualified buyers. There are three available tenant spaces, each with their own private entrance, that could be separately leased or combined for a single owner/user. The new owner could occupy all or some of the available space and enjoy the benefit of having one existing tenant in place.
The B3 zoning will accommodate a variety of business uses including large-scale commercial, retail, wholesale, service, medical, and auto-related uses.
3225 Southview Drive is a "value-add", 28% leased asset with one tenant with a five-year triple net lease in place. The property is priced “below replacement cost” which can be significant advantage for an investor or owner/user. Creative financing solutions available for qualified buyers. There are three available tenant spaces, each with their own private entrance, that could be separately leased or combined for a single owner/user. The new owner could occupy all or some of the available space and enjoy the benefit of having one existing tenant in place.
The B3 zoning will accommodate a variety of business uses including large-scale commercial, retail, wholesale, service, medical, and auto-related uses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Building Size
13,568 SF
Building Class
B
Year Built
2001
Price
$999,999
Price Per SF
$73.70
Percent Leased
28%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,568 SF
Slab To Slab
8’
Building FAR
0.28
Lot Size
1.10 AC
Zoning
B-3 - Heavy Business District
Parking
40 Spaces (2.95 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Kitchen
- Storage Space
- Central Heating
- Fully Carpeted
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 20-02-20-176-010.000-027 | Improvements Assessment | $527,500 |
| Land Assessment | $330,000 | Total Assessment | $857,500 |
PROPERTY TAXES
Parcel Number
20-02-20-176-010.000-027
Land Assessment
$330,000
Improvements Assessment
$527,500
Total Assessment
$857,500
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North Pointe Office/Retail Bldg | 3225 Southview Dr
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