Business for Sale in Goshen, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Goshen, IN 46526

Description

Marcus & Millichap proudly presents this exceptional investment opportunity in Goshen, Indiana, the Hawks at River Art. The Hawks is a 20-Unit, loft style mixed-use building located at 303 River Race Drive in downtown Goshen. Originally constructed in 1870 as a furniture factory and converted into apartments in 2021, the property offers 19 loft style apartments and one commercial space. The Hawks at River Art is a historic factory conversion offering high ceilings, large windows, exposed brick and timber, and open loft-style layouts. This type of product is limited in Goshen, creating a strong competitive advantage over standard garden-style apartments. Located along the Millrace Canal in downtown Goshen, the property offers unmatched walkability to local dining, retail, parks, and employers. Surrounded by the 90-acre Shanklin Park to the west and south and downtown Goshen to the north and east, it stands as one of the premier living locations in the city. The property offers thoughtfully designed unit layouts with high-end finishes throughout. Amenities include in-unit laundry, elevator access, and a modern fitness center equipped with both cardio machines and free weights, enhancing the overall resident experience. The property benefits from its location within the Elkhart- Goshen metro, which is driven by the world's largest RV manufacturing hub, healthcare and education employment, and commuter access to Elkhart and South Bend. This supports steady workforce and professional renter demand. The Hawks at River Art offers investors the opportunity to acquire a unique mixed-use asset in a walkable downtown location within a stable Midwest market. The combination of historic character, limited supply, and strong rent positioning creates a durable competitive advantage and supports long-term occupancy and rent growth. Investment Highlights: • 2021 Adaptive Reuse Renovation • Excellent Downtown Goshen Location • Market Anchored by 30,000+ RV Manufacturing Jobs, Suppor

Market Context

This mixed use in Goshen, IN is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 68 days. Compare it against other mixed use listings for sale in Goshen, IN — <a href="/search/sale/mixed-use/indiana/goshen">view the full market</a>.

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