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516 County Road 6
Elkhart, IN 46514
Asking Price
$2.20M
Asset Type
Retail
Class
Class B
What's Special
<p><strong style="color: rgba(0, 0, 0, 1)">Commercial Development Opportunity at CR 6 and St Road 19 (Cassopolis) Corridor. 3.13 acres of B2 Zoning (located in a TIF district)</strong></p><p><strong style="color: rgba(0, 0, 0, 1)">22,000+ cars a day. Adjacent to McDonalds and the Marathon Station. Includes 2 structures, 5,367 sqft block building and a residential structure.</strong></p><p><strong style="color: rgba(0, 0, 0, 1)">Vacant land to the North and to the west. Approximately 726' frontag
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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796
