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Updated Mixed-Use Building
For Sale
$400,000

105 South Elkhart Street, Wakarusa, IN 46573

Multi-tenant commercial property with existing leases, separate entrances, and flexible space for additional occupancy.

Property Size8,640 SF
Price / SF$46.30
Days on Market382

Property Features for 105 South Elkhart Street

General Information

Standard status Active
Size 8,640 SF
Property subtype Commercial / Mixed Use

Taxes and HOA fees

Annual Taxes $3,154

Amenities

Central Air
2
Yes
Wood
Gas, Forced Air
Partial Basement, Unfinished
Brick
Flat, Rubber

Building Details

Year Built 1916
Buildings 1
Building Size 8,640 SF
Tenancy Multi
Listing Agency: Berkshire Hathaway HomeServices Goshen
Listed By: Travis Bontrager · License #RB14037902
Source: Compass
Added: Aug 15, 2025 Changed: Aug 30 Last Checked: Mar 25 at 6:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Goshen

Investment Insights

Based on property information with market context.

This 8,640-square-foot mixed-use building in downtown Wakarusa combines service, technology, showroom, design, and professional office functions. The property has been updated and maintained, with separate entrances serving multiple tenant areas. Existing leases are in place, and two tenants currently occupy the building.

A 2,400-square-foot flex area with 15-foot ceilings is framed for additional space. The layout supports a range of commercial configurations, with current improvements suited to service, showroom, office, and related operations. The property is located at 105 S Elkhart St in Wakarusa, Indiana, with connected access to 111 W Waterford, which is also available for sale separately or together.

Key Highlights

  • 8,640 SF mixed‑use building at 105 S Elkhart St, Wakarusa, IN
  • 2,400 SF flex area with 15' ceilings
  • Two current tenants with existing leases

Property Analytics

Current Use

Design Studio General Contractor

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Building Supply Parking Lot & Garage HVAC Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

136
Businesses Nearby

Demographics for 46573, IN

3,835
Population
1,400
Households
2.7
Avg Household Size
37
Median Age
26%
College-Educated
85%
High-School Grad
34.5 sq mi
ZIP Area
111
Density / Sq Mi
$79,375
Median Household Income
$50,574
Median Earnings
$1,054
Median Rent
$219,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-tenant commercial property with existing leases, separate entrances, and flexible space for additional occupancy.
Where is this mixed-use property located?
The property is located at 105 South Elkhart Street 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: 8,640 SF mixed‑use building at 105 S Elkhart St, Wakarusa, IN; 2,400 SF flex area with 15' ceilings; Two current tenants with existing leases
More about this property
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