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Multi-Tenant Office Building
For Sale
$599,900

223 S Main Street, Elkhart, IN 46514

Central air and a flexible suite layout support professional occupancy in a downtown commercial setting.

Property SizeContact for details
Days on Market170

Property Features for 223 S Main Street

General Information

Standard status Active
Property subtype Office

Taxes and HOA fees

Annual Taxes $21,295

Amenities

Central Air
3
81 x 167

Building Details

Year Built 1890
Tenancy Multi
Listing Agency: RE/MAX Results
Listed By: Nicolas Wyse · License #RB14045263
Source: Xome
Added: Mar 14 Changed: Aug 29 Last Checked: Aug 29 at 9:18PM

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 RE/MAX Results

Investment Insights

Based on property information with market context.

This multi-tenant office building at 223 S Main Street accommodates both office suites and coworking space within a flexible configuration. Several suites are occupied, with additional area available for lease-up. The building was reroofed in 2024 and includes central air. Its layout can support professional or retail-oriented occupancy, while existing tenancy provides an operating component for an owner-user or investor. Built in 1890, the property is situated in downtown Elkhart and includes ample parking. An established tenant is also part of the current occupancy profile.

Key Highlights

  • Multi‑tenant office and coworking configuration
  • Several occupied suites with additional space available for lease‑up
  • Roof replacement completed in 2024

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

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

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
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Frequently Asked Questions

What type of property is this?
Office building - Central air and a flexible suite layout support professional occupancy in a downtown commercial setting.
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 configuration; Several occupied suites with additional space available for lease‑up; Roof replacement completed in 2024
More about this property
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