Mixed-Use Building with
For Sale
$795,000
121 & 123 S Main Street, Elkhart, IN 46516
COMMERCIAL, Elkhart, IN
Property SizeContact for details
Lot Size0.18 Acres
Days on Market166
Property Features for 121 & 123 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Lot features
City
Directions
Main Street In Elkhart
Subdivision
Elkhart County
Standard status
Active
APN
20-06-05-406-026.000-012
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
121 ORIG N 24FT OF S 48FT LOT 14 & V 1 1/4 FT R W 123 ORIG S 24FT LOT 14 & VC 1 1/4 FT R W
Tax Annual Amount
19819
Legal Description
121 ORIG N 24FT OF S 48FT LOT 14 & V 1 1/4 FT R W 123 ORIG S 24FT LOT 14 & VC 1 1/4 FT R W
Utilities
Cooling system
Multi Units
Building Details
Year built
1888
Flooring type
Carpet, Mixed
Roof type
Flat
Listing Agency:
Myers Trust Real Estate
(574) 875-5149
Listed By:
Andrew Myers · License #RB14031728
(574) 320-1214
Added: Mar 23
Changed: Sep 2
Last Checked: Sep 4 at 2:06PM
MLS# 202609807
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Built in 1888, this 0.18-acre mixed-use property combines commercial space with residential income. The first floor is configured as two separate units with retail windows, high ceilings, two lofts, and a balcony. The space supports office or retail use, while six apartments occupy the levels above. Additional features include a basement, mixed flooring, multi-unit cooling, and a flat roof replaced in 2024.
The building is located at 121 & 123 S Main Street in Elkhart, between Jackson and Jefferson. On-street parking is available, with multiple public parking lots within walking distance. The property offers a combination of street-level commercial frontage and upper-floor apartments within an established downtown setting.
The building is located at 121 & 123 S Main Street in Elkhart, between Jackson and Jefferson. On-street parking is available, with multiple public parking lots within walking distance. The property offers a combination of street-level commercial frontage and upper-floor apartments within an established downtown setting.
Key Highlights
- Six apartments located above the commercial portion
- First floor divided into 2 commercial units with retail windows and high ceilings
- Two lofts and a balcony included in the main‑floor configuration
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 46516, IN
33,670
Population
14,137
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
17.5 sq mi
ZIP Area
1,924
Density / Sq Mi
$54,934
Median Household Income
$39,189
Median Earnings
$986
Median Rent
$150,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial units are paired with six apartments, lofts, and a balcony.
Where is this mixed-use property located?
The property is located at 121 & 123 S Main Street Elkhart, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Six apartments located above the commercial portion; First floor divided into 2 commercial units with retail windows and high ceilings; Two lofts and a balcony included in the main‑floor configuration
