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Multi-Tenant Office Building
For Sale
$599,900
Pending

223 S Main Street, Elkhart, IN 46514

COMMERCIAL, Elkhart, IN

Property SizeContact for details
Lot Size0.31 Acres
Days on Market188

Property Features for 223 S Main Street

General Information

Property type Commercial Sale
Property subtype Office
Rooms Basement
Lot features City
Directions West side of Main St between Lexington and High St
Subdivision Elkhart County
Standard status Pending
APN 20-06-05-410-023.000-012
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description BEARDSLEYS 1ST PT OF LOT 59 & VAC 1 1/4 FT R W & N 20 FT OF LOT 58 (TIF 75)
Tax Annual Amount 21295
Legal Description BEARDSLEYS 1ST PT OF LOT 59 & VAC 1 1/4 FT R W & N 20 FT OF LOT 58 (TIF 75)

Utilities

Cooling system Central Air

Building Details

Year built 1890
Flooring type Carpet, Laminate, Tile, Wood
Roof type Flat, Rubber
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Nicolas Wyse · License #RB14045263
Added: Apr 3 Changed: Sep 12 Last Checked: Oct 7 at 10:06AM
MLS# 202611540

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.

Investment Insights

Based on property information with market context.

Built in 1890, this multi-tenant commercial building operates as an office and coworking property with several occupied suites and additional space available for lease. Its flexible interior includes tile, carpet, laminate, and wood flooring, along with central air conditioning and a basement. The flat rubber roof was replaced in 2024.

Positioned at 223 S Main Street in downtown Elkhart, the property includes ample parking and is suitable for professional or retail occupancy. Existing tenant presence provides an operating foundation, while the available suites offer room for additional occupancy within the current configuration. The 0.31-acre site supports a range of commercial uses associated with a downtown location.

Key Highlights

  • Multi‑tenant office and coworking property with occupied suites and additional space available for lease
  • 0.31‑acre site at 223 S Main Street in downtown Elkhart
  • Roof replaced in 2024 with flat rubber roof construction

Property Analytics

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Current Use

Beverly S Peters, ... Law Firm Corwin-Cripe Law, LLC Law Firm Doran Blackmond Norton ... Law Firm That's Dancing Studio Training Center Taig Marks Inc Advertising Agency

Suggested Use

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,045
Businesses Nearby

Demographics for 46514, IN

42,048
Population
17,987
Households
2.3
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
38.7 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,784
Median Household Income
$40,909
Median Earnings
$1,084
Median Rent
$170,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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 building - The 1890 building combines coworking areas, available suites, central air, and a 2024 roof replacement.
Where is this office building located?
The property is located at 223 S Main Street Elkhart, IN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Multi‑tenant office and coworking property with occupied suites and additional space available for lease; 0.31‑acre site at 223 S Main Street in downtown Elkhart; Roof replaced in 2024 with flat rubber roof construction
More about this property
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