2401 Charlotte Ave, Elkhart, IN 46517
76,120 SF Specialty Building Offered at $980,000 in Elkhart, IN 46517
For Sale
Active
Asking Price $980,000
- Property Type
-
Specialty
- Square Feet
- 76,120 SF
- Price / Square Foot
- $13
Listing Contacts
Property Overview
This is a turnkey development that encompasses two phases on approximately 5 acres. The site is located on Charlotte Avenue just west of St. Rd. 19 which is the main north/south artery in Elkhart. All approvals and entitlements are in place for the entire project which is slated for 76,120 rentable square feet. The first phase has all site work completed (grading, drainage, fencing, gate & keypads, etc.), is completely fenced and has two buildings erected (6,000 SF). Paving of the drive lanes has not been done. The remainder of the first phase calls for another 22,920 square feet to be erected for a total of 28,920 SF. Grading, drainage and paving will need to be completed for phase II and the fence will need to be expanded out from phase I. The second phase plans for another 47,200 SF for a total of 76,120 SF.
This is a great opportunity to fast track the completion of a ground-up development without all the usual constraints of a self-storage development (site acquisition, zoning & approvals, site layout, initial grading, drainage, etc.). The first phase can quickly be completed and lease-up started as phase II is being worked on.
This is a great opportunity to fast track the completion of a ground-up development without all the usual constraints of a self-storage development (site acquisition, zoning & approvals, site layout, initial grading, drainage, etc.). The first phase can quickly be completed and lease-up started as phase II is being worked on.
Property Details
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Self-Storage
Highlights
- New development opportunity in Elkhart, Indiana
- 76,120 NRSF - 542 units permitted to be completed
- Supply/demand study shows the trade area is undersupplied by 275,000 SF in a 5-mi radius and 150,000 SF is a 3-mi radius
- 5-Mile Average Household Income = $72,836 (projected to be $83,305 in 2028)
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