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    Elkhart, IN

    Elkhart, IN Commercial Real Estate for Sale

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    Elkhart Redevelopment Site Available
    Updated: Nov 25, 2025
    Elkhart Redevelopment Site Available

    290 W Hively Ave, Elkhart, IN

    $500,000
    3,187 sqft · 0.49 AC lot
    Redevelopment site at a signalized corner of Hively & Benham.
    Located within the City of Elkhart Redevelopment Commission's plan to redevelop the Woodland Crossing Shopping Mall into a mixed‑use development.
    Proposed development includes 140 residential units, $6.25M infrastructure investment, and 200,000 SF of improved commercial space.
    Existing national retailers Kroger & CVS are long established in the area.
    Potential for expansion to the north & east depending on proposed use.
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    This listing looks promising.

    Here's a quick look at some key insights for

    290 W Hively Ave, Elkhart, IN

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $584K
      Above asking

    • Property Type

      Convenience Store
      Built 1989
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    Brick Office Building with Finished Interiors
    Updated: Jun 7
    Brick Office Building with Finished Interiors

    1115 Parkway Avenue, Elkhart, IN 46516

    $2,000,000
    0.46 AC lot
    20,000 SF already to go with a “vanilla box” interior; all bathrooms and kitchenettes are finished
    All units include finished bathrooms, break rooms, and a mechanical room
    Utilities in place: city water and city sewer; electric (AEP) and NIPSCO gas
    Brick exterior with brick EFIS, steel soffit and fascia; shingle roof
    Central air cooling; flooring includes concrete and unfinished surfaces
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    Reroofed Multi-Tenant Office Building
    Reroofed Multi-Tenant Office Building

    223 S Main Street, Elkhart, IN 46514

    $599,900
    0.31 AC lot

    Reroofed building operating as multi-tenant office and coworking, with flexible suites available for leasing or retail use.

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    Industrial Property with US 33 Frontage
    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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    Well-Maintained Warehouse with Dock Doors
    Well-Maintained Warehouse with Dock Doors

    2700 Industrial Parkway, Elkhart, IN 46516

    $2,799,900
    4.13 AC lot

    Warehouse offering two functional dock doors, three grade level doors, and potential rail siding for flexible logistics uses.

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    High-Visibility B-2 Mixed-Use Property
    High-Visibility B-2 Mixed-Use Property

    23440 US 33, Elkhart, IN 46517

    $449,000
    1.04 AC lot

    Mixed-use commercial property with two B-2 parcels, multiple access points, and recent building improvements.

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    Office Building for Sale
    Office Building for Sale

    105 N Nappanee Street, Elkhart, IN 46514

    $575,000
    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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    Light Manufacturing Industrial Building
    Light Manufacturing Industrial Building

    808 S 9th Street, Elkhart, IN 46516

    $295,000
    0.62 AC lot

    Clean M1-zoned industrial building with multiple overhead doors, fenced yard, and office support for light manufacturing uses.

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    Mixed-Use Building with Retail and Apartments
    Mixed-Use Building with Retail and Apartments

    209 S 2nd Street, Elkhart, IN 46516

    $399,900
    4,252 sqft · 0.17 AC lot

    Downtown mixed-use building with a commercial storefront and two second-floor 1-bed apartments.

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    Winchester Mansion Specialty Property
    Winchester Mansion Specialty Property

    529 S Second Street, Elkhart, IN 46516

    $650,000
    0.31 AC lot

    Updated HVAC, electric, plumbing, and ADA-accessible parking support continued commercial use.

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    Zoned PUD Church and School Facility
    Zoned PUD Church and School Facility

    2913 E Bristol St., Elkhart, IN 46514

    $550,000
    3.00 AC lot

    City-limits religious and educational facility on a wooded lot with circular drive and flexible layout.

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    B-1 Zoned Commercial Building with Basement
    B-1 Zoned Commercial Building with Basement

    21807 State Road 120, Elkhart, IN 46516

    $295,000
    0.53 AC lot

    Versatile B-1 commercial building with full basement, garage, and on-site parking for multiple business uses.

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    Two-Parcel Office Property
    Two-Parcel Office Property

    30367/30387 Old US 33, Elkhart, IN 46516

    $395,000
    1.24 AC lot

    Two office buildings on Old US 33 in Baugo Township are offered together, with flexibility for separate offers.

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    Value-Add Retail Center for Sale
    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
    Mixed-Use Building with Apartment

    1165 Edwardsburg Avenue, Elkhart, IN 46514

    $215,000
    0.25 AC lot

    Retail main level with office and storage, plus a 2-bedroom upper apartment with kitchen and living space.

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    Two-Unit Office Building
    Two-Unit Office Building

    2603 Toledo Rd, Elkhart, IN 46516

    $225,000
    1.09 AC lot

    Well-maintained two-unit office building on a busy road with easy access for tenants and visitors.

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    B1 Zoned Live-Work Property
    B1 Zoned Live-Work Property

    2319 S Main Street, Elkhart, IN 46517

    $159,900
    0.29 AC lot

    B1-zoned live-work property on a double lot with move-in-ready updates and current rental use.

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    Leased Restaurant and Mixed-Use Site
    Leased Restaurant and Mixed-Use Site

    705 E County Road 6 Road, Elkhart, IN 46514

    $2,750,000
    16,150 sqft · 3.42 AC lot

    Fully leased restaurant building on a PUD-zoned site with substantial frontage on a heavily traveled corridor.

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    Mixed-Use Main Street Building
    Mixed-Use Main Street Building

    121 & 123 S Main Street, Elkhart, IN 46516

    $795,000
    0.18 AC lot

    Two storefront spaces with six apartments above, plus new 2024 roof, supporting office or retail use with income potential.

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    Religious Facility with PUD Zoning
    Religious Facility with PUD Zoning

    2913 E Bristol St, Elkhart, IN 46514

    $550,000
    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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    Restaurant Space with Kitchen Infrastructure
    Restaurant Space with Kitchen Infrastructure

    822 N Michigan St, Elkhart, IN 46514

    $145,000
    0.11 AC lot

    Own a versatile restaurant building with existing kitchen infrastructure and ample parking in Elkhart, Indiana.

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    Versatile Industrial Kitchen Facility
    Versatile Industrial Kitchen Facility

    1801 wood Street, Elkhart, IN 46516

    $175,900
    0.13 AC lot

    Industrial building with commercial kitchen equipment, including exhaust hood, sink, and walk-in cooler for food-focused operations.

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    Commercial Development Land Lot
    Commercial Development Land Lot

    2612 Market Court, Elkhart, IN 46514

    $459,900
    1.82 AC lot

    Commercial lot with substantial road exposure and municipal utilities available at an accessible intersection near major routes.

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    Manufacturing Building with Office
    Manufacturing Building with Office

    2026 Sterling Avenue, Elkhart, IN 46516

    $300,000
    0.29 AC lot

    Manufacturing building with loading dock, overhead door, and an approximately 2,000-square-foot office space.

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    Elkhart, IN Commercial Real Estate Market Trends and Statistics

    Explore 91 commercial real estate for sale in Elkhart, IN, showcased through 91 active listings on our real estate platform. These investment opportunities span a total of 1,115,147 square feet of properties for sale, with an estimated market value of $54,304,984.

    Sale prices for business properties in Elkhart, IN start at $115,000, averaging $1,324,511, and reaching up to $6,276,300 — 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
    46516 $884.2K
    46517 $1.2M
    46514 $1.3M

    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%

    Listings Trend

    New vs delisted commercial listings in Elkhart County

    New Delisted

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Elkhart, IN

    • 46516
    • 46514
    • 46517

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