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516 S Main St, Elkhart, IN 46516

Flexible office configurations offer private offices, collaborative areas, conference space, and natural lighting in a central business district setting.

Space Size3,442 SF
Days on Market728

Property Features for 516 S Main St

General Information

Standard status Active
Size 3,442 SF
Net Rentable 830 SF
Property subtype OFFICE

Space & Availability

Available Space 830-3,442 SF
Contiguous Space 3,442 SF
Divisible Yes
Space Use Office

Additional Details

Sprinkler System Yes

Amenities

natural lighting

Building Details

Construction masonry

Spaces For Lease

at 516 S Main St Contact us

516 S Main St $18 – $23/SF/Yr

Floor
1
Size
3,442 SF
Type
OFFICE
Availability
AVAILABLE, Now
Sublease
No
- Central Business District, adjacent to restaurants, government offices, retail...
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Listing Agency: Bradley Company | Elkhart
Listed By: Therese Geise · License #SP39402322
Source: Moodyscre
Added: Sep 20, 2024 Changed: Sep 9 Last Checked: Sep 16 at 9:02PM

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.

Office space at 516 S Main St offers flexible configurations within a masonry building in Elkhart’s Central Business District. Available options include an 830-square-foot office/retail space, a 3,442-square-foot office space, or variations acceptable to ownership. The larger configuration includes classroom space, a breakroom/lounge, waiting area, conference room, five private offices, and men’s and women’s restrooms. The smaller configuration provides cubicle spaces, a private restroom, and a coffee bar with sink. Main-level entry includes 212 square feet of common space, and the building has natural lighting and a sprinkler system.

The property is adjacent to restaurants, government offices, retail, and other professional offices. A city parking garage is adjacent to the east, while the streetscape includes finishing touches to the exterior walkway.

Key Highlights

  • Flexible options include 830 SF office/retail space, 3,442 SF office space, or variations thereof
  • Larger configuration includes five private offices, classroom space, conference room, breakroom/lounge, waiting area, and two restrooms
  • Smaller configuration includes cubicle spaces, a private restroom, and coffee bar with sink

Property Analytics

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Open Analytics

Current Use

Lacasa, Inc. - Elkhart Charitable Organization Heart of the Arts Vocational School Notre Dame Federal ... Credit Union

Suggested Use

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

Yes
Sprinkler system
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,040
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Elkhart, IN

$14.2 /SF/Yr
Avg Asking Price
$7.33–$31.14 /SF/Yr
Price Range
11,209 SF
Avg Space Size

This space is priced 27% above the average of $14.2 /SF/Yr.

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 units - Flexible office configurations offer private offices, collaborative areas, conference space, and natural lighting in a central business district setting.
Where is this office units located?
The property is located at 516 S Main St Elkhart, IN.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Flexible options include 830 SF office/retail space, 3,442 SF office space, or variations thereof; Larger configuration includes five private offices, classroom space, conference room, breakroom/lounge, waiting area, and two restrooms; Smaller configuration includes cubicle spaces, a private restroom, and coffee bar with sink
(574) 849-5002 Call to check price and availability
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