Listing Agency: The Real Estate Group l***@comcast.net Show Phone

Listed By: Linda Green · License #475134107

Source: Crexi

Added: Apr 12 Changed: Aug 13 Last Checked: Aug 20 at 11:39AM

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Investment Insights

Based on property information with market context.

This for-sale property is a charming cafe and retail operation housed in a historic bank building. The offering includes a cafe area and a first-floor retail space (currently Little Foxes retail), with the upper residential loft featuring multiple bed and bath areas, a kitchen, a living room with floor-to-ceiling windows, and a view. The property is presented as a turn-key operation, with owners indicating they will leave fixtures and inventory and note potential for additional expansion. Multiple separate business applications are contemplated, including operating the cafe, adding two retail spaces, and considering one or two AirBnB options, or operating as-is.

Located at 104 Governor Oglesby Street in Elkhart, Illinois, the property is described as having easy access right off Interstate 55. The remarks cite seasonal high traffic from spring through Christmas, and mention the site functioning as a meeting place for the Elkhart Historical Society, as well as hosting bridal and baby showers, private parties, and special Christmas dinners in connection with the historic chapel at Elkhart Hill.

The upper loft provides a self-contained residential-style configuration, while the first floor supports retail and hospitality uses within the historic building setting.

Key Highlights

• Cafe and retail in a historic bank building on Historic Elkhart Hill
• Business operating since 2004 with a thriving customer base and visitors from across the U.S. and international travelers
• Direct/easy access right off Interstate 55

Property Analytics

Property Profile

Current Use

Coffee shops

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Demographics for 62634, IL

847

Population

508

Households

1.7

Avg Household Size

45

Median Age

32%

College-Educated

94%

High-School Grad

53.2 sq mi

ZIP Area

16

Density / Sq Mi

$79,722

Median Household Income

$52,589

Median Earnings

$759

Median Rent

$138,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Coffee shop - Charming cafe and retail space in a historic bank building with direct access off Interstate 55.

Where is this coffee shop located?

The property is located at 104 Governor Oglesby Street Elkhart, IL.

What are key features of this property?

This property features: Cafe and retail in a historic bank building on Historic Elkhart Hill; Business operating since 2004 with a thriving customer base and visitors from across the U.S. and international travelers; Direct/easy access right off Interstate 55