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705 County Road 6 E, Elkhart, IN 705 County Road 6 16,150 SF Retail Building Elkhart, IN 46515 $2,850,000 ($176.47/SF)
Investment Highlights
- Excellent redevelopment or investment opportunity
- 3-way liquor license used by Margarita's Mexican Restaurant included in price
- Boasts abundant frontage and great visibility
- Heavily traveled retail corridor
- Zoned PUD: Planned Unit Development
- Current rents below market value
Executive Summary
Fantastic redevelopment or investment opportunity on heavily traveled CR 6 E (over 18,000 cars daily) just off the corner with SR 19 (over 20,000 cars daily, INDOT Traffic Counts) right in the heart of a strong retail corridor. Sitting on 3.42 acres boasting nearly 400 FT of frontage, and zoned PUD: Planned Unit Development, this property allows for a wide array of mixed-use developments. The property also consists of a fully leased 16,150 SF building with below market rents that have plenty of ability for increases. 3-way liquor license is included in the price used by Margarita's Mexican Restaurant. Each unit has individually metered gas forced air heating, central A/C, 200-amp electrical service, handicap accessible restrooms, water heaters, furnace rooms, and storage areas. Great proximity, only 1 mile from the IN-Toll Road interchange at IN-19, 2 miles to Simonton Lake 2.5 miles from Downtown Elkhart, 4 miles to IN-17, 5.5 miles from the US-20 Bypass, and 15.5 miles to the University of Notre Dame. Taxes: $27,518,14. Tax Year: 2025, pay 2026. Zoned PUD: Planned Unit Development.
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$27,518
|
$1.70
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,518
|
$1.70
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $27,518 |
| Annual Per SF | $1.70 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $27,518 |
| Annual Per SF | $1.70 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,150 SF
Building Class
C
Year Built
1988
Price
$2,850,000
Price Per SF
$176.47
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
8’
Building FAR
0.11
Lot Size
3.42 AC
Opportunity Zone
Yes
Zoning
PUD - Planned Unit Development
Parking
150 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
398’ on County Road 6 E
Amenities
- 24 Hour Access
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-02-29-226-014.000-027 | Total Assessment | $898,700 (2025) |
| Land Assessment | $477,700 (2025) | Annual Taxes | $27,518 ($1.70/SF) |
| Improvements Assessment | $421,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
20-02-29-226-014.000-027
Land Assessment
$477,700 (2025)
Improvements Assessment
$421,000 (2025)
Total Assessment
$898,700 (2025)
Annual Taxes
$27,518 ($1.70/SF)
Tax Year
2026
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705 County Road 6 E, Elkhart, IN | 705 County Road 6
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