Mixed-Use Building with
For Sale
$250,000
1515 South A Street, Elwood, IN 46036
B2-zoned property combines restaurant, retail, office, and adaptable rear space within one commercial building.
Property Size24,000 SF
Price / SF$20.83
Days on Market349
Property Features for 1515 South A Street
General Information
Standard status
Active
Size
24,000 SF
Class
C
Property subtype
OFC, SCR-REST, OFC-RET
Zoning
B2
Property Condition
Severity
Repairs Needed
Evidence
Some updates are needed prior to occupancy
Building Details
Building Size
24,000 SF
Year Built
1908
Buildings
1
Stories
2
Listing Agency:
Keller Williams Indianapolis Metro North
(317) 525-3955
Listed By:
Jeff Norris · License #RB20001480,INDIANA
(317) 525-3955
Source:
Realnex
Added: Sep 16, 2025
Changed: Aug 29
Last Checked: Aug 29 at 11:08PM
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 Keller Williams Indianapolis Metro North
Investment Insights
Based on property information with market context.
This mixed-use building contains approximately 12,000 SF arranged across several functional areas. The front portion includes an approximately 4,000 SF bar and restaurant setup, with an optional approximately 2,000 SF expansion. A separate approximately 2,000 SF street-facing suite provides retail or office space, while the approximately 6,000 SF rear area offers open space suited to storage, production, studio, or indoor service uses. Multiple access points support the building’s varied configuration, and some updates are needed before occupancy.
Located at 1515 South A Street in Elwood, the property is approximately one block southeast of Anderson & Main. B2 zoning supports its mixed-use commercial positioning. The building dates to 1908 and offers a combination of customer-facing, work, and support areas within a single property.
Located at 1515 South A Street in Elwood, the property is approximately one block southeast of Anderson & Main. B2 zoning supports its mixed-use commercial positioning. The building dates to 1908 and offers a combination of customer-facing, work, and support areas within a single property.
Key Highlights
- Approximately ±12,000 SF mixed‑use building
- Front ±4,000 SF bar/restaurant setup
- Optional ±2,000 SF restaurant expansion
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
Papa John's Pizza
Dining
3,227 visits/mo
0.1 miles
Village Pantry
Shops & Services
2,143 visits/mo
0.2 miles
Demographics for 46036, IN
11,247
Population
5,284
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
140
Density / Sq Mi
$59,082
Median Household Income
$39,022
Median Earnings
$841
Median Rent
$108,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B2-zoned property combines restaurant, retail, office, and adaptable rear space within one commercial building.
Where is this mixed-use property located?
The property is located at 1515 South A Street Elwood, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately ±12,000 SF mixed‑use building; Front ±4,000 SF bar/restaurant setup; Optional ±2,000 SF restaurant expansion
