700 E Beardsley Avenue, Elkhart, IN 46516
700 E Beardsley Avenue, Elkhart, IN 46516
700 E Beardsley Avenue, Elkhart, IN 46516
3
See all 3 photos
Listed by Robert Thatcher • Coldwell Banker Real Estate Group • Cell: 574-596-1576
$1,100,000
Est. payment /mo
Save
2.08 Acres Lot
New

700 E Beardsley Avenue Elkhart, IN 46516

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202633113

Year Built 1974

Annual Tax Amount $30,302

Lot Size 2.080 Acres

Property Sub-Type Office

Property Description

First time available since 2004! — “a rare 22-year hold”… The Riverside 700 Building presents an exceptional opportunity for an owner seeking an ideal corporate headquarters, or for investors targeting a compelling multi-tenant office investment in one of northcentral Indiana's most prominent locations. This 30,000 SF two-story, brick office building is positioned on 2.08 acres of intensively zoned B-2 Commercial land at 700 East Beardsley Avenue in Elkhart, Indiana. The property has direct frontage on Christianna Creek and the walking trails within High Dive Park; a natural setting unmatched by competing office products in the Elkhart-Goshen MSA. Montessori School and the nationally acclaimed Wellfield Botanical Gardens are within short walking distance. Above all Riverside 700 Building is positioned on the north shore of the St. Joseph River at the Johnson Street Dam, a vital arterial road (ADT 14,749) yielding direct access to the exciting, newly developed River District and the dynamic Elkhart CBD. The facility is ramped and has a new passenger elevator yielding ADA compliance. Moreover, the facility features a flexible, movable wall-panel system throughout much of the building supporting easy reconfiguration of office suites. Other amenities include building signage, mature landscaping and generous asphalt parking field. The site's Opportunity Zone (OZ) designation adds a compelling long-term appreciation exclusion for qualifying investors! Offered at just $1,100,000, the asset is priced well below replacement cost, yielding a wide margin for a buyer's own vision & upside value creation; whether that's a signature single-tenant headquarters or a repositioned multi-tenant asset. Prime office suites are also available For Lease at a competitive $12.50/SF/Annum plus a proportionate share of CAM/RETax; budgeted at $4.50/SF. Riverside 700 Building: An Iconic Asset | Irreplaceable Location | First Time Offered in a Generation!

Location

State IN

County Elkhart County

Area Elkhart County

Zoning B-2 Community Business District

Direction Northwest Quadrant of Johnson Street Bridge at Beardsley Ave

Interior

Flooring Carpet, Ceramic Tile, Stone, Vinyl Tile

Appliance Building, Land, Lease

Exterior

Fence None

Waterfront Description Creek

Roof Type Build-Up,Flat,Rubber

Building

Story 2

New Construction No

Others

Financing Cash,Conventional,For Lease


Indiana Regional MLS (IRMLS)

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Timothy Vicsik

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

Name
Phone*
Message

Go tour this home

700 E Beardsley Avenue

};