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505 S Third St
Elkhart, IN 46516 West Central

Price Upon Request

Medical For Sale  •  12,228 SF

Property Details

  • Property Type Medical
  • Total Building Size 12,228 SF
  • Lot Size 1.07 AC
  • Building Class B
  • Year Built 1960
  • Tenancy Single
  • Zoning CBD
30 Transit Score
60 Walk Score

Highlights

Corporate Guaranty From Hopebridge Autism Therapy (100+ Locations): Hopebridge Focuses on Personalized Care, Not Just Diagnoses
Private Equity Backed: Hopebridge Benefits From Strong Private Equity Backing After Its 2019 Acquisition By Arsenal Capital Partners
Surging Demand For ABA Therapy Services: In 2022, the Global Market For Autism Spectrum Disorder Therapies Was Valued at $1.93 Billion
Sticky Tenancy: ABA Therapy Providers Tend to Maintain Long-Term Tenancies Because Relocating is Challenging Due to Patient Retention Difficulties
Strong Manufacturing Base: Elkhart, the “RV Capital of the World,” is Home to Major Manufacturers Like Thor, Forest River, and Keystone
Parking Lot: The Deal Includes Two Adjacent Lots Totaling 0.60 Acres With Over 50 Parking Spaces; Hopebridge Centers Provide a Supportive Care

Major Tenants

Tenant SF Occupied Lease End Date
Hopebridge 12,228 SF 1/1/2031

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
1 min 5 min 0.2 mi
AirportDriveWalkDistance
South Bend International 46 min - 29.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes