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Small Restaurant with Full Basement
For Lease
$1,400/Mo

202 E Indiana Ave, Elkhart, IN 46516

Small restaurant space with a large kitchen area and full basement for storage, suited for carryout operations.

Space SizeContact for details
Days on Market50

Property Features for 202 E Indiana Ave

General Information

Standard status Active

Building Details

Year Built 1930
Listing Agency: Premier Properties of Michiana Inc.
Listed By: Christopher Warter
Source: Spencerchildersgroup
Added: Jul 25 Changed: Sep 8 Last Checked: Sep 11 at 4:17PM

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 Premier Properties of Michiana Inc.

Investment Insights

Based on property information with market context.

The space is set up for a small restaurant, with a large area designated for a kitchen plus a full basement for storage. The property has a storefront format and is described as having previously operated as a donut shop.

The unit is located across from the Roosevelt Center, with high visibility along E Indiana Ave. It is positioned to support walk-in customer traffic and carryout business.

The layout provides substantial kitchen space and dedicated storage below, which can accommodate a range of smaller concepts that need a back-of-house work area and on-site storage for day-to-day operations.

Key Highlights

  • Former donut shop space set up for a small restaurant with a large kitchen area
  • Includes a full basement that can be used for storage
  • Suitable for carryout operations

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Barber Shop Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Computer & Electronic Repair

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

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Conventional restaurant - Small restaurant space with a large kitchen area and full basement for storage, suited for carryout operations.
Where is this conventional restaurant located?
The property is located at 202 E Indiana Ave Elkhart, IN.
What is the lease rate?
The lease rate is $1,400/Mo.
What are key features of this property?
This property features: Former donut shop space set up for a small restaurant with a large kitchen area; Includes a full basement that can be used for storage; Suitable for carryout operations
More about this property
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