Four-Unit Mixed-Use
For Sale
$225,000
218 S 3rd St, Elkhart, IN 46516
Two office suites and two apartments are arranged across the main and upper levels, with separate furnaces for each side.
Property Size3,424 SF
Price / SF$65.71
Days on Market10
Property Features for 218 S 3rd St
General Information
Standard status
Active
Size
3,424 SF
Property subtype
Residential Income
Units
Multifamily Units
2
Office Units
2
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,718
Building Details
Tenancy
Multi
Listing Agency:
Price Investments
Listed By:
Tonia Miller · License #RB14011258
(574) 361-3625
Source:
Exprealty
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 27 at 3:47AM
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 Price Investments
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Investment Insights
Based on property information with market context.
This four-unit mixed-use property contains two office spaces on the main level and two apartments above. Separate GFA furnaces serve each side of the building. The property totals 3,424 square feet.
The apartment leases are month to month, and the current upper-level tenants have expressed interest in remaining. The property owner currently pays all utility costs.
The apartment leases are month to month, and the current upper-level tenants have expressed interest in remaining. The property owner currently pays all utility costs.
Key Highlights
- 3,424‑square‑foot mixed‑use property
- Two main‑level offices and two upper‑level apartments
- Separate GFA furnaces for each side
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two office suites and two apartments are arranged across the main and upper levels, with separate furnaces for each side.
Where is this mixed-use property located?
The property is located at 218 S 3rd St Elkhart, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,424‑square‑foot mixed‑use property; Two main‑level offices and two upper‑level apartments; Separate GFA furnaces for each side
