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Pine Arbor Dr - 22538 Pine Arbor Dr/11 Acres Toledo Rd.

11 Acres of Commercial Land Offered at £669,545 in Elkhart, IN 46515

Investment Highlights

  • 11 Acres Just Off U.S. 20 Bypass and CR 17
  • 1,000 FT Visibility on Toledo Rd.
  • High Traffic Crossing Area with Great Proximity
  • 2 Miles From Large Industrial Area
  • 5.5 Miles to Indiana Toll Road at CR 17

Property Facts

Price £669,545
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Fast Food
  • Planned Unit Development
  • Restaurant
Total Lot Size 11.00 AC

1 Lot Available

Lot

Price £669,545
Price Per AC £60,868
Lot Size 11.00 AC

Description

Excellent development opportunity on approximately 11 acres sitting out front of the Arbor Lakes Apartments complex with 1,000 FT of visible exposure on Toledo Rd (9,000 cars daily) and 530 Ft of frontage on Pine Arbor Dr. Located just off the U.S. 20 Bypass (24,000 cars daily) and CR 17 (25,000 cars daily, INDOT Traffic Counts) in the Concord School District, the property's location makes access to many parts of the region easy. Property is 2 miles from a large industrial area that includes highly reputable businesses including Thor Motor Coach, Siemens Healthcare, Godfrey Marine, Forest River, Lippert Components, Welch Packaging, and Carpenter Co. Also, only 3.5 miles from U.S. Highway 33 (over 20,000 cars daily), 4 miles to Downtown Elkhart, 5.5 miles to the Indiana Toll Road Interchange at CR 17, 7 miles to SR 19 (25,000 cars daily), 9 miles from Downtown Goshen, 15 miles from Downtown Mishawaka, and 20 miles from the University of Notre Dame. Elkhart, Indiana is the RV Capital of the World and continues to thrive in the area of industry with a 800,000 SF Amazon Warehouse currently being built along the Indiana Toll Road in between CR 17 and CR 19 to be completed in 2023. Goshen, Indiana is also on a fast track of growth, as they prepare to build a 315 acre industrial park just southeast of the Elkhart County Fairgrounds to be completed by the end of 2025. Zoned R: Residential.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-06-12-376-012.000-009
Land Assessment
£678,210 (2022)
Improvements Assessment
£16,891,833 (2022)
Total Assessment
£17,570,042 (2022)

zoning

Zoning Code B-3
B-3
  • Listing ID: 26120559

  • Date on Market: 08/07/2022

  • Last Updated:

  • Address: Pine Arbor Dr, Elkhart, IN 46515

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