Manufacturing Building with
2026 Sterling Avenue Elkhart, IN 46516
2026 Sterling Avenue, Elkhart, IN, 46516
$300,000
For Sale
$300,000
COMMERCIAL - Elkhart, IN
Property Size2,000 SF
Lot Size0.29 Acres
Price / SF$150
Days on Market424
Property Features for 2026 Sterling Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 20-06-09-458-001.000-012
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Hudson Sterling Lot 148, N 10Ft Lot 149 & Lot 162 & Vac Alley Between (Tif 111)
- Tax Annual Amount
- 5108
Building Details
- Year built
- 1902
- Flooring type
- Concrete
- Roof type
- Rubber
Listing agency
RE/MAX Oak Crest - Elkhart
(574) 262-0770
Listed by
Kevin Foy · License #RB14012672
(574) 536-9218
Added: May 26, 2025 Updated: Jul 6 at 3:57PM Checked: Jul 23 at 12:06AM
MLS# 202519662
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.
This for-sale manufacturing building includes a loading dock with one overhead door and a rooftop heater rebuilt for manufacturing needs. The property also features a gas ceiling-hung system and a gas furnace, along with 200-amp electric service. An office area of approximately 2,000 square feet is available within the building for administrative or customer-facing functions.
The site sits on about 0.29 acres at 2026 Sterling Avenue in Elkhart, Indiana (Elkhart County). The building configuration supports both production operations and day-to-day office use, with the loading dock facilitating on-site receipt and dispatch.
For operators seeking an owner-occupied or tenant-occupied workspace, the combination of loading access, on-building building systems for manufacturing heat, and dedicated office space can fit light manufacturing and related industrial uses. Buyers and tenants will likely appreciate the practical setup for managing production workflows while maintaining on-site office coverage.
The site sits on about 0.29 acres at 2026 Sterling Avenue in Elkhart, Indiana (Elkhart County). The building configuration supports both production operations and day-to-day office use, with the loading dock facilitating on-site receipt and dispatch.
For operators seeking an owner-occupied or tenant-occupied workspace, the combination of loading access, on-building building systems for manufacturing heat, and dedicated office space can fit light manufacturing and related industrial uses. Buyers and tenants will likely appreciate the practical setup for managing production workflows while maintaining on-site office coverage.
Key Highlights
- 1902‑built manufacturing building with concrete flooring
- Includes loading dock with 1 overhead door
- About 2,000 SF of office space
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $9.48 |
| − Vacancy | −$1.8k | −$0.92 |
| EGI | $17.1k | $8.56 |
| − OpEx | −$5.1k | −$2.57 |
| NOI | $12.0k | $5.99 |
2,000 SF · lease $9.48/SF/yr · vacancy 9.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$171.2K
$149.8K – $199.8K
NOI $11,985 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATS Manufacturing, LLC
Industrial Manufacturer
Romaine Inc
Medical Supply Store
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Manufacturing building with loading dock, overhead door, and an approximately 2,000-square-foot office space.
Where is this manufacturing property located?
The property is located at 2026 Sterling Avenue Elkhart, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1902‑built manufacturing building with concrete flooring; Includes loading dock with 1 overhead door; About 2,000 SF of office space
