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Office Building with Balconies and Decks
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232-246 Waterfall Drive, Elkhart, IN 46516

Office space totals 23,180 SF and includes exterior balconies and decks, set on 3.49 acres by the Elkhart River.

Space Size1,736 SF
Lot Size3.49 Acres
Days on Market587

Property Features for 232-246 Waterfall Drive

General Information

Standard status Active
Size 1,736 SF
Lot size 3.49 Acres
Property subtype OFFICE
Lease Type NNN

Amenities

balconies
decks

Spaces For Lease

at 232-246 Waterfall Drive Contact us

Waterfall Professional Village $12/SF/Yr

Floor
1
Size
1,736 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- 23,180 SF situated on 3.49 acres - Located on the Elkhart River in Downtown Elkhart...
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Listing Agency: Bradley Company | Elkhart
Listed By: Therese Geise · License #SP39402322
Source: Moodyscre
Added: Feb 3, 2025 Changed: Aug 8 Last Checked: Sep 12 at 8:40AM

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 Bradley Company | Elkhart

Investment Insights

Based on property information with market context.

An office building offering 23,180 SF situated on 3.49 acres, with balconies and decks included as part of the exterior amenity package.

The property is located on the Elkhart River in Downtown Elkhart, within walking distance to restaurants, county and city buildings, banking institutions, IUSB–Elkhart, and the public library. It is also located within the Gateway Mile Fund District.

Available for rent, the building’s configuration is supported by the available SF total in the listing and its multi-acre riverside setting, with outdoor balcony and deck space available.

Key Highlights

  • 23,180 SF office space on 3.49 acres
  • Located on the Elkhart River in downtown Elkhart
  • Exterior balconies and decks included

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Furniture & Home Goods Storage Facility Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Auto Parts Store

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,019
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office space totals 23,180 SF and includes exterior balconies and decks, set on 3.49 acres by the Elkhart River.
Where is this office building located?
The property is located at 232-246 Waterfall Drive Elkhart, IN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 23,180 SF office space on 3.49 acres; Located on the Elkhart River in downtown Elkhart; Exterior balconies and decks included
(574) 849-5002 Call to check price and availability
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