131 E Franklin St, Elkhart, IN 46516
Historic building anchored by 1st Source Financial Center with recent updates.
- Added:
- Mar 9, 2026
- Days on Market:
- 112
- Last Refresh:
- Mar 19 at 10:04 pm
Property Features for 131 E Franklin St
General Information
- Standard status
- Active
- Size
- 18,810 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1865
Listing office B+E
Listing date Mar 9, 2026
Source Crexi
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 B+E
HighLights
- Anchored by 1st Source Financial Center
- Historic Building - rich in character and architectural detail
- Recent Updates enhance the property
- Bank presence offering financial convenience
- Year Built: 1865
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $338.6k | $18.00 |
| − Vacancy | −$13.5k | −$0.72 |
| EGI | $325.0k | $17.28 |
| − OpEx | −$81.3k | −$4.32 |
| NOI | $243.8k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.971269
- Latitude
- 41.684317
