15 Mi from S Bend Indiana Walgreens 10 CAP 3551 Cassopolis St 14,416 SF Retail Building Elkhart, IN 46514 $3,500,000 ($242.79/SF) 10% Cap Rate

We are pleased to present for sale the Walgreens property located at 3551 Cassopolis St, Elkhart, IN 46514 ("The Property"). Walgreens has operated at this location for over 17 years and currently has more than 8 years of firm lease term remaining. The lease is structured as an absolute triple net (NNN) lease, with no landlord responsibilities.
The Property is strategically positioned along Cassopolis Street (IN-19), a major north-south arterial that connects directly to the I-80/90 Indiana Toll Roa. The site benefits from 24,246 combined vehicles per day, high visibility, and convenient ingress/egress. This corridor serves as a primary commercial hub in Elkhart, surrounded by established national retailers including Walmart Supercenter, Meijer, Lowe’s and Menards.
Elkhart is currently undergoing a major revitalization, with more than $300 million in public and private investment committed to infrastructure, housing, and mixed-use development. Key initiatives include the ASPIRE Elkhart plan, the River District transformation, and ongoing business park expansions—all of which contribute to the city’s growing economic base and long-term sustainability.
The property also benefits from its proximity to 29 hotels within a 1-mile radius (2,056 rooms), including Garden Inn (145 rooms), Baymont Inn & Suites (123 rooms), and Daylite Inn (120 rooms). Located just 1.5 miles north, Simonton Lake spans over 300 acres and is a well-known year-round destination for boating, fishing, and recreation, drawing thousands of visitors annually.
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, IN DRE Lic. RB14037939.