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Multi-Tenant Office and Coworking Building
For Sale
$599,900

223 S Main Street, Elkhart, IN 46514

COMMERCIAL - Elkhart, IN

Property SizeContact for details
Lot Size0.31 Acres
Days on Market136

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 Active
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 Laminate, Tile, Carpet, Wood
Roof type Rubber, Flat
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Nicolas Wyse · License #RB14045263
Added: Apr 3 Changed: Aug 4 Last Checked: Aug 16 at 4:06PM
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.

This property operates as a multi-tenant office and coworking space, offering a flexible interior layout with multiple suites. Several suites are currently occupied, with additional space available for lease-up, and the building was reroofed in 2024.

Located at 223 S Main Street in Elkhart, the property is described as being in a growing downtown corridor and is anchored by an established tenant. Ample parking supports day-to-day access for occupants and visitors.

The combination of existing tenancy and available suite space provides a workable setup for a professional user or a retail user seeking flexibility within the existing footprint.

Key Highlights

  • Multi‑tenant office and coworking space in downtown Elkhart with several suites occupied and additional space available to lease
  • Flexible interior layout suited for a range of professional or retail uses
  • Reroofed in 2024 with a flat rubber roof

Property Analytics

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

944
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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Coworking space - Multi-tenant suites with flexible layout and several currently occupied, plus additional space available for lease-up.
Where is this coworking space 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 space in downtown Elkhart with several suites occupied and additional space available to lease; Flexible interior layout suited for a range of professional or retail uses; Reroofed in 2024 with a flat rubber roof
More about this property
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