700 E Beardsley Avenue

Highlights:

• Age: Over 50 Years Old
• Basement: None

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 Indianas 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!

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Listing ID: 2c6e77e2-b67c-4e55-97cb-910f61471ec4