1400 Cassopolis St - Drug Store FOR SALE


Elkhart, IN 46514- Northside
$4,077,788 USD
619-297-0055
1400 Cassopolis St, Elkhart, IN for Sale
$4,077,788 USD
Drug Store - FOR SALE
1/3
null | 8.5% Cap Rate

1400 Cassopolis St
Elkhart, IN 46514
Northside


OVERVIEW

•Only pharmacy open on Weekends in Elkhart and only store open until 10 PM. •According to Placer.Ai, this store ranks first in foot traffic among the three other Walgreens locations in a 5-mile radius. •The property benefits from its position in a robust retail corridor, surrounded by 1.3 million square feet of retail space within a 1-mile radius. •The subject property is 2.5-miles from Elkhart General Hospital, a 374-bed facility employing 2,000 people. •Elkhart recently received a $9.5 million READI 2.0 grant—the largest in the South Bend-Elkhart region—to fund 284 residences, 60,000 square feet of office and retail space, and over $1 million in public art in its Downtown River District area. •Buyer may assume the current in place financing with a 3.89% rate and a balance of $3,477,344 as of March 2025. Cash required for down payment is $600,444 and the annual cash flow after debt service is $8,454. There is a one percent (1%) assumption fee paid by buyer. Loan due date is 12/18/2030. Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, IN DRE Lic. RB14037939

FOR SALE DETAILS

PRICE

$4,077,788 USD

PRICE/SF

$275 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

#1 Most Visited WAG In 5 Miles | 8.50 Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

B-2

APN/PARCEL ID

20-02-32-406-012.000-027

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.