Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2401 South 17th Street in Elkhart, Indiana. The subject property consists of approximately 79,168 square feet of warehouse space situated on 5.79 acres. The two-building industrial property features 16′ clear height, eight dock-high doors, one grade-level door, a wet sprinkler system, and three-phase heavy power with 3,000 amps and 480 volts. The property also recently underwent a new metal roof replacement in 2020, which was a significant capital improvement. Located three miles from downtown Elkhart, the property has close proximity to U.S. Route 20 and Interstate 90.
MSC Industrial Supply anchors 89.1 percent of the property on a triple-net lease at $1.83 per square foot through March 2027. The lease is pending renewal and can be rolled over month-to-month with a 150 percent rental escalation. Additionally, there will be 8,628 square feet available effective October 2026, creating an immediate lease-up opportunity for potential investors. This presents a chance to increase revenue and further enhance the property’s value.
The South Bend-Mishawaka Metropolitan Statistical Area, where Elkhart is situated, is a thriving market with a population of over 319,000 people, spanning across two counties in northern Indiana and southern Michigan. The market is experiencing positive trends in job growth, driven by its strong manufacturing sector, and population growth, with many new residents attracted to the area’s affordable cost of living and outdoor recreational opportunities. Major transportation infrastructure in the area includes several highways, which provide easy access to Chicago and other major Midwestern cities. The market is also home to several major industries, including recreational vehicle manufacturing, healthcare, and education, with companies such as Thor Industries and Forest River, Inc. having a significant presence in the area.
BROKER OF RECORD
Julia Evinger
Indiana Broker of Record
510 East 96th Street, Suite 200
Indianapolis, IN 46240
Office (317) 218-5300
Julia.Evinger@MarcusMillichap.com
License: RB14040143
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0370382)
