1601 MainNappanee, IN 46550

  • Office properties
  • 8,886 SF
Off market
$371,833 Estimated

Property Details for 1601 Main

Year built
1966
Construction
WOOD
Lot size
1.35 AC
Property size (Sq ft)
8,886 SF
Zone code
ZO01
Property type
Office properties
Property subtype
Other office properties
APN
20-14-30-152-001.000-029
APU
201430152001000029

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,671,288
    6.5%
    $1,542,727
    7%
    $1,432,532
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,157,402
    Geo Method
    $1,157,402
  • Alternative Use

    Use
    Valuation
    Residential
    $1,912,982
    Hospitality
    $1,752,281
    Educational
    $1,457,877
    Medical
    $1,508,016
    Retail
    $2,267,809
1601 Main, Nappanee, Indiana

Location Insight

City
Nappanee
County
Elkhart
State
Indiana
Latitude
41.4577
Longitude
-86.0009
CBSA code
21140
CBSA name
ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $273,600
  • Assessed land value
    $33,700
  • Assessed value
    $307,300
  • Tax year
    2023

FAQs

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