2026 Sterling Avenue, Elkhart, IN 46516
- Added:
- May 26, 2025
- Days on Market:
- 410
- Last Refresh:
- Jul 9 at 1:06 am
Property Features for 2026 Sterling Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 20-06-09-458-001.000-012
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Hudson Sterling Lot 148, N 10Ft Lot 149 & Lot 162 & Vac Alley Between (Tif 111)
- Tax Annual Amount
- 5108
Building Details
- Year built
- 1902
- Flooring type
- Concrete
- Roof type
- Rubber
Listing agent Kevin Foy License #RB14012672 (574) 536-9218
Listing office RE/MAX Oak Crest - Elkhart 1815 E Bristol St, Elkhart, IN (574) 262-0770
Listing date May 26, 2025
Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1902‑built manufacturing building with concrete flooring
- Includes loading dock with 1 overhead door
- About 2,000 SF of office space
- Roof rubber roof with rooftop heater for manufacturing needs (rebuilt)
- Gas ceiling hung and gas furnace, plus 200 amp electric service
- 0.29‑acre lot
Overview
The site sits on about 0.29 acres at 2026 Sterling Avenue in Elkhart, Indiana (Elkhart County). The building configuration supports both production operations and day-to-day office use, with the loading dock facilitating on-site receipt and dispatch.
For operators seeking an owner-occupied or tenant-occupied workspace, the combination of loading access, on-building building systems for manufacturing heat, and dedicated office space can fit light manufacturing and related industrial uses. Buyers and tenants will likely appreciate the practical setup for managing production workflows while maintaining on-site office coverage.
Local Financial Insights For Office B
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 | $37.7k | $18.84 |
| − Vacancy | −$10.1k | −$5.07 |
| EGI | $27.5k | $13.77 |
| − OpEx | −$6.9k | −$3.44 |
| NOI | $20.7k | $10.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.952051
- Latitude
- 41.667483
