Value Add Multi-Tenant Retail | New 2024 Roof

Description:

Visit our website for more Information: https://rimarketplace.com/auction/3219/multifamily/wells/ny?utm_source=brevitas&utm_medium=listing_free&utm_campaign=july15_2026&utm_content=multifamily_3219

Marcus & Millichap is pleased to present for sale Shops at Bristol, a +/-60,000-square foot value-add retail center offering located in Elkhart, Indiana. The property comprises of two separate buildings and is currently +/-17% occupied by a mixture of local of tenants operating on month-to-month leases. The balance of the center is vacant and allows an incoming investor the ability to significantly increase net operating income and property value through a proactive leasing and property management campaign. The roofs were recently replaced in 2024 (see roof warranty documentation in due diligence vault).

Shops on Bristol sits on 3.8 acres along W Bristol Street, a main corridor near downtown Elkhart and experiences approximately 22,000 vehicles-per-day. The immediate area is a dense residential and industrial & manufacturing area; Elkhart is known as the “RV Capital of the World”, the region produces the vast majority of recreational vehicles manufactured in the United States and is home to many RV manufacturers, suppliers, and local supporting businesses.