Bradley’s Therese Geise represented the seller. The buyer, Dimension Development Partners, LLC, was represented by Mid-America Real Estate Group. The property will transition to an IHOP restaurant.
The 4,605 sq. ft. site features space that can be used for retail/restaurant purposes. Located in Elkhart’s newest and largest retail corridor, the site’s neighboring businesses include WalMart Super Center, Aldi’s, Ross, Shoe Carnival, Christopher & Banks and McAlister’s Deli. Nearly 90,000 people live within a five-mile radius.
“This recent transaction highlights the diversity of experience in our Elkhart office, with our brokers representing all product types, ranging from retail to office to industrial,” said John Jessen, vice president of brokerage. “As we continue to monitor the local economic climate, transactions of this nature demonstrate how Elkhart is favorably situated to attract investment, given its strategic location and growth profile.”