Elkhart, IN Commercial Real Estate for Sale

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Updated: Jun 14

Duplex with Downtown Commercial Storefront

209 S 2nd Street, Elkhart, IN 46516

$399,900

4,252 sqft 0.17 AC lot

0.17‑acre lot and 4,252 SF duplex‑style mixed‑use building
Main‑level commercial storefront with open secretary room and five office rooms
Two upper 1‑bedroom, 1‑bath apartments with 10‑foot ceilings
Wood floors, granite counters, and large windows in the residential units
Central air cooling plus off‑street parking

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209 S 2nd Street, Elkhart, IN 46516

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$35K
Annual
Price @ 7% Cap

$505K
Above asking
Last Sold

Jul 2017
$32K
Property Type

Commercial (General)
Built 1915

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Updated: Jul 13

Renovated Automotive Service Facility

2846 W Old US 20, Elkhart, IN 46514

$1,190,000

2.67 AC lot

Building 1 includes 4 offices, a conference room, and 2 bathrooms, including one with a shower
Techno Cure paint booth measures 14'x30'
3 overhead doors measure 12‑16' wide and 14' tall
440 amp electrical service, wash bay, and radiant floor heat in the concrete addition
Two‑building property with security fencing, gated access, and new asphalt

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Two-Story Brick Office Building

700 E Beardsley Avenue, Elkhart, IN 46516

$1,100,000

2.08 AC lot

Two-story office property with flexible suite layouts, elevator access, creek frontage, and on-site asphalt parking.

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Office Units with Finished Restrooms

1115 Parkway Avenue, Elkhart, IN 46516

$2,000,000

0.46 AC lot

Multi-unit office property with completed restrooms, kitchenettes, break rooms, mechanical rooms, and finished exterior improvements.

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Two-Story Brick Office Building

700 E Beardsley Avenue, Elkhart, IN 46514

$1,100,000

30,000 sqft 2.08 AC lot

Flexible office configuration with ADA access, elevator service, signage, landscaping, and an on-site asphalt parking field.

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Industrial Property with US 33 Frontage

28867 Old Us 33 Road, Elkhart, IN 46516

$895,000

1.80 AC lot

Two industrial buildings on 1.8 acres with M-2 Heavy Manufacturing zoning for manufacturing, warehousing, and distribution use.

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Multi-Tenant Office and Coworking Building

223 S Main Street, Elkhart, IN 46514

$599,900

0.31 AC lot

Multi-tenant suites with flexible layout and several currently occupied, plus additional space available for lease-up.

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Value-Add Retail Center for Sale

1104 W Bristol St, Elkhart, IN 46514

$500,000

121,656 sqft 3.80 AC lot

Two-building retail center on W Bristol Street with recently replaced roofs and available leasing space.

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Mixed-Use Building with Apartment

1165 Edwardsburg Avenue, Elkhart, IN 46514

$199,000

0.25 AC lot

Retail, office, storage, and residential space are arranged across the building’s main and upper levels.

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Warehouse Building with Dock and Grade Doors

2700 Industrial Parkway, Elkhart, IN 46516

$2,799,900

4.13 AC lot

Well-maintained warehouse with central air, two functional dock doors, and three grade level doors plus potential rail siding.

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Manufacturing/Warehouse with Office

1505 W Beardsley Ave, Elkhart, IN 46514

$315,000

8,500 sqft

Block-constructed manufacturing/warehouse with office space, two overhead doors, heaters, and multiple restroom areas.

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Historic Bed & Breakfast

529 S Second Street, Elkhart, IN 46516

$625,000

0.31 AC lot

Turn-of-the-century property with event-center use, updated systems, guest suites, and public-access improvements.

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Commercial Corner Land

2800 Cassopolis Street, Elkhart, IN 46514

$990,000

0.35 AC lot

Corner commercial parcel with direct access and established vehicle exposure along a busy Elkhart corridor.

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Warehouse Property on 3 Acres

25809 Borg Road, Elkhart, IN 46514

$435,000

7,906 sqft 3.00 AC lot

Warehouse building totals approximately 7,906 square feet on a lot of about 3 acres.

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Office Building for Sale

105 N Nappanee Street, Elkhart, IN 46514

$545,500

1.93 AC lot

For-sale office building on a 1.93-acre lot in Elkhart, Indiana, offering space for business operations.

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Day Care Center with Full Basement

21807 State Road 120, Elkhart, IN 46516

$295,000

0.53 AC lot

B-1 zoned day care and service building with central air, wood flooring, full basement, and parking for up to eight.

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Religious Facility with PUD Zoning

2913 E Bristol St, Elkhart, IN 46514

$495,000

5,116 sqft 3.00 AC lot

Church facility on 3 acres with circular drive and wooded setting, suitable for religious, educational, or residential use.

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Two-Building Flex Office and Showroom

30367/30387 Old US 33, Elkhart, IN 46516

$395,000

1.24 AC lot

Two-building flex facility with independent utilities, a climate-controlled showroom, and central air on a 1.24-acre site.

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Church and Event Facility

431 S 3rd St, Elkhart, IN 46516

$400,000

21,891 sqft 1.15 AC lot

Large-format property includes a sanctuary, administrative offices, breakout areas, and an industrial kitchen.

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Flex Space with Fenced Yard

23440 US 33, Elkhart, IN 46517

$449,000

1.04 AC lot

Mixed-use building on two B-2 zoned parcels with access from US 33 and CR 113.

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Development Opportunity Near Arbor Lakes

22538 Pine Arbor Drive, Elkhart, IN 46516

$850,000

11 sqft

11-acre development site with high visibility and frontage.

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Apartment Building with Storefront Units

121 & 123 S Main Street, Elkhart, IN 46516

$795,000

0.18 AC lot

Mixed-use building with apartments above two Main St storefront spaces plus lofts, balcony, and a new 2024 roof.

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Maintained Medical Facility with Expansion

1506 Osolo Rd, Elkhart, IN 46514

Contact for pricing

14,710 sqft 2.25 AC lot

Well-kept medical center with multiple reception areas, finished lower level, and parking for 100 on two roads.

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Mixed-Use Property with Storefront

1007 S Main Street, Elkhart, IN 46516

$140,000

0.14 AC lot

Main-level commercial space is paired with two separately metered rear rental units.

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Elkhart, IN Commercial Real Estate Market Trends and Statistics

Explore 143 commercial real estate for sale in Elkhart, IN, showcased through 143 active listings on our real estate platform. These investment opportunities span a total of 1,634,431 square feet of properties for sale, with an estimated market value of $37,970,400.

Sale prices for business properties in Elkhart, IN start at $39,500, averaging $716,422, and reaching up to $3,175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 99K

Population Growth (5Y) -0.8%

Median Household Income $57,378

College Educated 17.6%

High-Yield Neighborhoods for Investment

Identify Elkhart submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
46514	$575.9K
46517	$586.2K
46516	$614K

Taxes & Financing

Tax Rate (average for all types) 2.57%

Property Tax per SF $42.55 per SF

Tax Rate vs County Average 0.11 pp above county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Elkhart fall within the 100,000+ square foot range.

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