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    105 S Elkhart St Wakarusa, IN 46573

    For Sale
    $400,000

    Mixed Use - Wakarusa, IN

    Type:Mixed Use
    Lot size:
    0.19 Acres
    Days on Market:
    86
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 105 S Elkhart St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Office
    Bathrooms
    2
    APN
    20-09-35-228-013.000-025
    Parking features
    Off Street
    Interior features
    Other, 220 Volts, Handicap Access, Alley, Basement, Delivery Door, Display Room, Office Space, Public Restrooms, Reception Area
    Exterior features
    220 Volts, Handicap Access, Alley, Basement, Delivery Door, Display Room, Office Space, Public Restrooms, Reception Area
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1916
    Floors in Building
    2
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Flat, Rubber
    Architectural style
    Other

    Bontrager Realty, LLC (574) 238-5912

    Listing agent Travis Bontrager (574) 238-5912 License #RB14037902

    Listing date Sep 11, 2025

    MLS# 202536624 Listing URL

    Copyright © 2025 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wakarusa Mixed-Use Investment Opportunity

    This mixed-use building, located in downtown Wakarusa, Indiana, offers an investment opportunity with existing tenants and income-producing leases. The well-maintained and updated building features 8,640 square feet of space suitable for service, tech, showroom, design, and professional offices, which are the current uses. The property includes 2,400 square feet of flex space with 15-foot ceilings, framed for additional income-producing potential. Separate entrances accommodate multiple tenants. Currently, two tenants lease the building, with the potential to rent additional space for increased cash flow. The property is situated on a 0.19-acre lot. Connected access to 111 W Waterford, which is also for sale, allows for the possibility of purchasing both properties together or separately. Located in Elkhart County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Design Studio Cabinet Maker

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wakarusa
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.021399
    Latitude
    41.53578

    Nearby Similar for Sale

    • $250,000
      0.03 Acres

      Wakarusa Mixed-Use Investment Opportunity

      Mixed-use building in downtown Wakarusa with existing tenants and income.
      111 W Waterford St, Wakarusa, IN 46573
      View Details
    • $250,000
      1.84 Acres

      Wakarusa Warehouse - Huge Potential

      1.84 Acres, Ample Warehouse Space
      208 Elkhart St, Wakarusa, IN 46573
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in downtown Wakarusa with existing tenants and income.
    Where is this mixed-use property located?
    The property is located at 105 S Elkhart St Wakarusa, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Income-producing mixed-use building with existing tenants and leases.; - Well-maintained and updated 8,640 SF building in Downtown Wakarusa.; - 2,400 SF of flex space with 15' ceilings, framed for additional income.
    (574) 238-5912
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    Wakarusa, IN 46573
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 S Elkhart St Wakarusa, IN 46573
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