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3400 Henke St.
Elkhart, IN 46514
Asking Price
$2.60M
Asset Type
Special-purpose
Class
Class B
What's Special
Special Purpose | 54,730 SqFt <ul><li>54,730 SF commercial building on visible 4.76-acres corner location</li><li>Currently used as racquet/athletic club with versatile open spaces and ample ceiling height</li><li>Building can be used for many athletic purposes, including basketball (2 courts now), tennis (4 courts now), agility training, pickle ball, school athletic center, or potential family entertainment center</li><li>Approximately 4,500 SF office and common area with kitchenette as well as separate men's and women'
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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577
