1104 Bristol StElkhart, IN 46514

For Sale
$2,750,000

Prime Elkhart retail center, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
91
This fee-simple retail investment property, known as Shops on Bristol, presents a compelling value-add opportunity in Elkhart, Indiana. Located at 1104 W Bristol St, Elkhart, IN 46514, this shopping center encompasses 71,236 square feet across two single-story buildings situated on a 3.8-acre lot. Built in 1967 and extensively renovated in 2024, the property features 15 units currently at 28% occupancy. Recent improvements include a new roof, upgraded parking lot, enhanced lighting, and modernized pylon signage. All tenants are on month-to-month leases, allowing for immediate lease-up and potential for increased rental income. The asking price is $2,750,000, translating to $38.60 per square foot. This unanchored neighborhood center offers significant potential for an investor seeking to capitalize on the improving market conditions and the recent property enhancements. The property's location in Elkhart, approximately 30 minutes east of South Bend, Indiana, provides convenient access to a substantial consumer base.

Highlights

  • Fee-simple retail investment property, Shops on Bristol, in Elkhart, IN.
  • 71,236 square feet on a 3.8-acre lot, two single-story buildings.
  • 15 units, 28% occupancy, month-to-month leases.
  • Recently renovated (2024) with new roof, parking lot, lighting, and signage.
  • Asking price: $2,750,000 ($38.60/SF).

Property Details for 1104 Bristol St

Property type
Lifestyle centers, Power centers
Square Feet
71,236 SF
Year Built/Renovated
1967/2024
Buildings
2
Stories
1
Lot Size (sq. ft)
165,528 SF
Units
15

Location Insight

City
Elkhart
County
Elkhart
State
Indiana
Latitude
41.702664329989
Longitude
-85.99228987319
1104 Bristol St, Elkhart, Indiana

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1104 Bristol St
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