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Mixed-Use Building with Storefronts
For Sale
$795,000

121 123 Main St, Elkhart, IN 46516

Multi-tenant building features two Main Street storefront units and six apartments above, plus a 2024 roof.

Property SizeContact for details
Days on Market255

Property Features for 121 123 Main St

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $19,819

Amenities

3
48 x 150

Building Details

Year Built 1888
Tenancy Multi
Listing Agency: Myers Trust Real Estate
Listed By: Andrew Myers · License #RB14031728
Source: Xome
Added: Nov 29, 2025 Changed: Aug 8 Last Checked: Aug 11 at 5:22AM

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 Myers Trust Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property includes two storefront spaces on Main Street with retail windows and high ceilings, along with two loft areas and a balcony within the main-floor configuration. The building also offers six apartments above the retail level, creating an income-producing residential component on the same footprint.

The property sits on Main Street between Jackson and Jefferson in Elkhart, with on-street parking and multiple public parking lots within walking distance.

Recent improvements include a new roof in 2024.

Key Highlights

  • 2 Main St storefront units plus 6 apartments above for a multi‑tenant layout
  • Main floor offers retail/office flexibility with retail windows and high ceilings
  • 2 main floor units include 2 lofts and a balcony

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility HVAC Service

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

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

139
Businesses Nearby

Demographics for 46516, IN

33,670
Population
14,137
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
17.5 sq mi
ZIP Area
1,924
Density / Sq Mi
$54,934
Median Household Income
$39,189
Median Earnings
$986
Median Rent
$150,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-tenant building features two Main Street storefront units and six apartments above, plus a 2024 roof.
Where is this mixed-use property located?
The property is located at 121 123 Main St Elkhart, IN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2 Main St storefront units plus 6 apartments above for a multi‑tenant layout; Main floor offers retail/office flexibility with retail windows and high ceilings; 2 main floor units include 2 lofts and a balcony
More about this property
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