Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    221 N Main St. Goshen, IN 46526

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    Office suite for lease in downtown Goshen, full service gross.

    Added:
    Jan 27, 2026
    Days on Market:
    69
    Last Refresh:
    Jan 6 at 9:17 pm

    Property Features for 221 N Main St.

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 221 N Main St. Contact us

    We can help!

    Listing Contact
    Maria Gutierrez
    Maria Gutierrez

    Listing agent Maria Gutierrez License #3330563

    Listing office Realty One Group Estates

    Listing date Jan 27, 2026

    Source Bradleyco

    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 Realty One Group Estates

    Overview

    Downtown Goshen Office Space Available

    Located in downtown Goshen at the intersection of 3rd and Pike Street, an office suite is available on the second floor of a Key Bank-anchored office building. The building features one elevator and central air conditioning. The basement includes a break room and a conference room. Approximately 40 on-site shared parking spaces are available. The lease is full service gross, with the rent covering all utilities and CAM expenses. Goshen Fiber Network is available. Several major projects, including a state-of-the-art aquatic and fitness center, are underway to revitalize downtown.
    Location Intelligence

    Current Use by Public Records

    KeyBank Bank ATM (Key Bank) Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goshen
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.8348
    Latitude
    41.5842

    Nearby Similar for Lease

    • $18/mo

      Versatile Commercial Space in Goshen

      Multi-tenant building with space for retail or office uses.
      1021 E Kercher Road, Goshen, IN 46526
      View Details
    • $13/mo

      Downtown Goshen Office Space Available

      Two-level office space in downtown Goshen with multiple private offices.
      117 W Washington Street, Goshen, IN 46526
      View Details
    • $16/mo

      Professional Office Space in Goshen

      Professional office suites with shared amenities in downtown Goshen.
      101 S. Main St., Goshen, IN 46526
      View Details
    • Contact for pricing

      Retail/Office Space on US 33

      4,800 SF retail/office space with flexible layout and parking.
      65856 US 33 E, Goshen, IN
      View Details
    • $5/mo

      Goshen Industrial Park Warehouse Space

      15,000 SF warehouse with office space for lease.
      815 Eisenhower Dr S, Goshen, IN
      View Details
    • $4/mo

      Goshen Warehouse with Office Space

      27,103 SF warehouse with office and expansion potential.
      811 Eisenhower Dr S, Goshen, IN
      View Details
    • Contact for pricing

      Freestanding Building in High-Traffic Area

      6,033 SF retail building with ample parking and high visibility.
      1919 Lincolnway E, Goshen, IN
      View Details
    • Contact for pricing

      Retail Center Shadow Anchored

      Retail spaces available in a Walmart shadow-anchored center.
      4026 Elkhart Rd, Goshen, IN
      View Details
    • Contact for pricing

      Downtown Goshen Multifunctional Office Space

      Main floor office space for lease in downtown Goshen.
      301 W Lincoln Ave, Goshen, IN 46526
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail property with 7,650 square feet available for lease.
      3802-3938 Midway Rd, Goshen, IN
      View Details
    • Contact for pricing

      Established Retail Center For Rent

      High-traffic retail center with varied tenant mix and excellent visibility.
      510 W Lincoln Ave, Goshen, IN 46526
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office property available for rent at 221 N Main St.
      221 N Main St, Goshen, IN 46526
      View Details

    FAQs

    What type of property is this?
    Office units - Office suite for lease in downtown Goshen, full service gross.
    Where is this office units located?
    The property is located at 221 N Main St. Goshen, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Centrally located in Downtown Goshen at the intersection of 3rd and Pike Street; Suite available on second floor of Key Bank‑anchored office building; Lease type is Full Service Gross (rent covers all utilities and CAM expenses)
    (574) 970-9006
    We can help!
    Listing Contact
    Maria Gutierrez
    Maria Gutierrez
    Real Estate License ID: 3330563
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!