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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.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,150 SF
Building Class
C
Year Built
1988
Price
$3,898,800 CAD
Price Per SF
$241.41 CAD
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
8’
Building FAR
0.11
Lot Size
3.43 AC
Opportunity Zone
Yes
Zoning
B-3 - Business or commercial zoning classification.
Parking
150 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
394’ on Heaton Lake Rd

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

KeyBank
Freddy's
Five Guys
Meijer
Starbucks
Buffalo Wild Wings
Olive Garden
Texas Roadhouse
McAlister's Deli
Wings Etc.

Property Taxes

Property Taxes

Parcel Number
20-02-29-226-014.000-027
Land Assessment
$653,494 CAD
Improvements Assessment
$575,928 CAD
Total Assessment
$1,229,422 CAD
  • Listing ID: 40453633

  • Date on Market: 2026-05-08

  • Last Updated:

  • Address: 705 County Road 6, Elkhart, IN 46515

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