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    503 S Main St Nappanee, IN 46550

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    For Sale
    $500,000

    Historic building suitable for office or residential redevelopment in Nappanee.

    Property size:
    13,500 SF
    Lot size:
    0.44 Acres

    Property Features for 503 S Main St

    General Information

    Size
    13,500 SF
    Lot size
    0.44 Acres

    Source: Endeavour Commercial Agent Brent C. Miller

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

    Overview

    Historic Nappanee Building For Sale

    This historic building, originally constructed for George Freese’s Sons Creamery, is located south of US 6 in downtown Nappanee, Indiana. Situated on the edge of the downtown area, the property offers excellent exposure on S Main Street (SR 19). The building features original hardwood floors on the second floor, two stairwells (front and rear), air conditioning throughout, and a freight elevator. The first floor is configured with six private offices, two large open bullpen/showroom areas, a waiting room, a reception area/copier/printer/mail room, a large breakroom, and a storage area with an overhead door. The second floor includes ten private offices and three large open bullpen areas. The property is suitable for office use or redevelopment for residential purposes. The building has a total size of 13,500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ascot Enterprises, Inc Corporate Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Nappanee
    County
    Elkhart
    State
    Indiana
    Longitude
    -86.000897
    Latitude
    41.446832

    FAQs

    What type of property is this?
    Office building - Historic building suitable for office or residential redevelopment in Nappanee.
    Where is this office building located?
    The property is located at 503 S Main St Nappanee, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Prime downtown location on S Main Street (SR 19) suitable for office or residential redevelopment.; - Historic building with original hardwood floors.; - Air conditioning throughout the building.
    (574) 536-4438
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    503 S Main St Nappanee, IN 46550
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    Nappanee, IN 46550
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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
    503 S Main St Nappanee, IN 46550
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