700 E Beardsley AVE, Elkhart, IN 46516
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700 E Beardsley AVE, Elkhart, IN 46516
700 E Beardsley AVE, Elkhart, IN 46516
700 E Beardsley AVE, Elkhart, IN 46516
700 E Beardsley AVE, Elkhart, IN 46516
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Listed by Coldwell Banker Real Estate Group
$ 1,100,000
Est. payment /mo
Active

700 E Beardsley AVE Elkhart, IN 46516

4 Baths

2.08 Acres Lot


UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202633113

HOA Y/N No

Year Built 1974

Annual Tax Amount $30,302

Tax Year 2025

Lot Size 2.080 Acres

Acres 2.08

Lot Dimensions 360x251

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

Zoning Intensive Commercial

Rooms

Basement None

Interior

Heating Gas, Forced Air

Inclusions Building, Land, Lease

Fireplace N

Exterior

Parking Features Asphalt, Off Street, Paved, Private

Fence None

View Y/N true

Building

Sewer Public Sewer

Water City, Public

New Construction No

Others

Pets Allowed No

Tax ID 20-06-05-229-222.000-012

Acceptable Financing IRM202633113

Listing Terms IRM202633113

Special Listing Condition None

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700 E Beardsley AVE