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    526 S Main St Elkhart, IN 46516

    For Sale
    $1,348,000

    Restaurant/Bar, Bar,Restaurant,Other - Elkhart, IN

    Lot size:
    0.10 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 526 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen, Office
    Bathrooms
    10
    APN
    20-06-05-478-003.000-012
    Parking features
    Paved or Surfaced
    Interior features
    Concrete, Three Phase, Handicap Access, Alley, Basement, Public Restrooms, Reception Area, Security Fence, Ventilating/Exhaust Fans, Refrigeration/Freezer
    Exterior features
    Fence, Three Phase, Handicap Access, Alley, Basement, Public Restrooms, Reception Area, Security Fence, Ventilating/Exhaust Fans, Refrigeration/Freezer
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1920
    Floors in Building
    3
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Keller Williams Fort Wayne (260) 222-6970 [email protected]

    Listing agent Julie Circle (260) 222-6970 License #RB20001064

    Listing date Nov 19, 2025

    MLS# 202428647 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

    Elkhart Entertainment District Landmark Property

    Located in the 500 block of downtown Elkhart's entertainment district, this property features three adjoining retail/multi-use buildings. The property includes a main restaurant location with a stage for live musical entertainment, along with an adjoining smaller retail space that could operate independently or as one business with multiple seating areas. It features a large commercial kitchen and three bar service facilities. A private outdoor patio with seating and a small stage can accommodate summer overflow and musicians. The lower level banquet room provides additional income opportunities. The property has access to a Downtown Elkhart Economic Development River Walk liquor license for $1000 annually, permitting use as a night club. A second parcel is included (20-06-05-478-015.000-012) that includes three leased apartments with a private Main Street entrance, providing supporting rental income. The square footage includes 7700 sq.ft of retail space. The lot size is 0.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Players Only Sports ... Sports Bar Five Star Dive ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.970829
    Latitude
    41.68263

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant/entertainment venue with supporting rental income.
    Where is this restaurant located?
    The property is located at 526 S Main St Elkhart, IN.
    What is the asking price?
    The asking price for this property is $1,348,000.
    What are key features of this property?
    This property features: - Turnkey restaurant/entertainment venue in downtown Elkhart entertainment district.; - Includes 7700 sq. ft. of retail space with a main restaurant location, stage, and smaller adjoining retail space.; - Second parcel included with 3 leased apartments providing supporting rental income.
    (260) 222-6970
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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
    526 S Main St Elkhart, IN 46516
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