TCII Capital Group has officially acquired the former Callahan’s property located at 2917 Cassopolis Street in Elkhart, continuing the company’s expansion throughout the Midwest and reinforcing its conviction in overlooked, high-performing secondary markets.
The property sits along the Cassopolis Street corridor, one of the area’s primary commercial arteries with direct connectivity to major highway infrastructure, strong daily traffic counts, and established retail synergy. The location has long served as a key retail and dining corridor for the Elkhart market and continues to benefit from both local demand and regional accessibility.
As part of the acquisition, TCII secured a lease with Metro Diner during the due diligence process, allowing for a smooth transition immediately following closing. The site will undergo a full renovation and repositioning as Metro Diner enters the Elkhart market.
For TCII, the acquisition is another step in a much larger Midwest growth strategy.
“We believe there is a tremendous disconnect right now between where institutional capital is focused and where real long-term opportunity exists,” said Jason Glaser of TCII Capital Group. “Markets like Elkhart continue to show resilient fundamentals, strong workforce demand, manufacturing growth, and a business-friendly environment, yet many investors still overlook them.”
Elkhart and the broader Northern Indiana region continue to benefit from several long-term economic trends that TCII believes are reshaping the Midwest economy:
• Continued manufacturing expansion and reshoring of American industry
• Population migration from higher-cost neighboring states
• Relative affordability for both businesses and residents
• Strong transportation and logistics infrastructure
• Limited new retail supply in many established corridors
Often referred to as the “RV Capital of the World,” Elkhart has historically been one of the country’s strongest manufacturing-driven economies. In recent years, the market has continued diversifying through logistics, distribution, healthcare, and service-sector growth while maintaining a highly active blue-collar workforce base that supports retail and restaurant demand.
TCII believes the Cassopolis Street corridor specifically represents the type of location the company actively targets across the Midwest:
High traffic.
Established retail patterns.
Strong accessibility.
Existing consumer demand.
And properties where operational execution can unlock value.
“Everyone wants to buy the next trendy market,” Glaser added. “We prefer markets where we can actually operate, execute, and create value through management, leasing, and redevelopment.”
The project will now move into renovation and redevelopment, with TCII overseeing the repositioning process alongside Metro Diner and its construction partners.
The acquisition also reflects TCII’s growing commitment to expanding throughout the Midwest, particularly across Indiana and Ohio, where the firm continues to see strong long-term fundamentals, durable workforce growth, and significant opportunities to reposition underutilized commercial real estate.
At TCII, the focus is not simply acquiring properties.
The focus is operating them well after closing.
