Flex Space with Dock
New
For Sale
$39,900
216 S 16th Street, Elwood, IN 46036
COMMERCIAL - Elwood, IN
Property SizeContact for details
Lot Size0.16 Acres
Days on Market3
Property Features for 216 S 16th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C/I
Elementary school district
Elwood Community School Corp
Middle school district
Elwood Community School Corp
High school district
Elwood Community School Corp
Directions
GPS Friendly
Subdivision
4804 - Madison - Pipe Creek
Standard status
Active
APN
480415202038000027
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Lts 4 & 5 Bowers & V/A & Pt Lot 5 Blk 7 Op Elw
Legal Description
Pt Lts 4 & 5 Bowers & V/A & Pt Lot 5 Blk 7 Op Elw
Utilities
Utilities
Natural Gas Available
Building Details
Year built
1920
Listing Agency:
Dollars and Sense Real Estate
(317) 331-7559
Listed By:
Merribeth Burns · License #RB14019183
(317) 287-0565
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 14 at 1:06AM
MLS# 22120016
Copyright © 2026 MIBOR Service Corporation. 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 1920 commercial building offers 6,145 square feet on the ground level, with four rooms and a largest room measuring 82 by 46 feet. The upper floor contains three offices, two bathrooms, and built-in file drawers. Interior features include concrete and hardwood flooring, abundant windows on the ground level, a built-in safe, and several older sliding-rail dock doors.
The property encompasses 0.16 acres and carries C/I zoning. Natural gas is available. Its combination of open ground-level rooms, upper-floor office space, service access, and existing commercial features supports a range of flex-space configurations.
The property encompasses 0.16 acres and carries C/I zoning. Natural gas is available. Its combination of open ground-level rooms, upper-floor office space, service access, and existing commercial features supports a range of flex-space configurations.
Key Highlights
- 6,145‑square‑foot ground level with four rooms
- Largest ground‑level room measures 82x46
- Upper floor includes 3 offices and 2 bathrooms
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46036, IN
11,247
Population
5,284
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
140
Density / Sq Mi
$59,082
Median Household Income
$39,022
Median Earnings
$841
Median Rent
$108,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lil Miss Holly Qs — 2001 S F St, Elwood, IN 46036
Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial building with offices, bathrooms, natural light, and C/I zoning.
Where is this flex space located?
The property is located at 216 S 16th Street Elwood, IN.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: 6,145‑square‑foot ground level with four rooms; Largest ground‑level room measures 82x46; Upper floor includes 3 offices and 2 bathrooms
