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    131 E Franklin St Elkhart, IN 46516

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    For Lease
    $18 SF/Yr ($1,443 /Mo)

    Remodeled office space in Elkhart's central business district.

    Property size:
    962 SF
    Lot size:
    0.35 Acres

    Property Features for 131 E Franklin St

    General Information

    Size
    962 SF
    Lot size
    0.35 Acres

    Source: Endeavour Commercial Agent Richard Hobson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Office Space in Elkhart

    This is a two-story historical building located within Elkhart’s central business district. The available space is a fully remodeled unit on the 2nd floor, featuring bright windows that face Centennial Park. The unit includes 10-foot ceilings and an open floor plan, along with one large executive office. The lease is full gross, including all utilities such as electric, gas, water, and sewer, with the exception of internet, data, and phone services. The building's anchor tenant, 1st Source Bank, has been in the building for over three decades. The property offers 962 square feet of office space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Boys & Girls Club ... Youth Organization 1st Source Insurance Insurance Agency Walker Law Office Attorney Martin Capital Management ... Investment Service 1st Source Bank Bank

    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
    -85.971269
    Latitude
    41.684317

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    FAQs

    What type of property is this?
    Office space - Remodeled office space in Elkhart's central business district.
    Where is this office space located?
    The property is located at 131 E Franklin St Elkhart, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Fully remodeled unit with bright windows facing Centennial Park.; - Prime location in Elkhart's Central Business District.; - Full gross lease includes all utilities (electric, gas, water, sewer).
    (574) 329-6078
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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
    131 E Franklin St Elkhart, IN 46516
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