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Flex Space with Fenced Yard
For Sale
$449,000

23440 US 33, Elkhart, IN 46517

COMMERCIAL - Elkhart, IN

Property SizeContact for details
Lot Size1.04 Acres
Days on Market53

Property Features for 23440 US 33

General Information

Property type Commercial Sale
Property subtype Other
Directions SW corner of CR 113 and US 33
Subdivision Elkhart County
Standard status Active
APN 20-06-26-251-013.000-009
Lot size 1.04 Acres

Taxes and HOA fees

Tax Year 25
Tax Description PT NE EX ETC ADJ GRAYDALE RD EX S 80FT EX 2.86A EX .028A ROW SEC 26 .876A & IN W1/2 NE EX .092A ROW SEC 26 .164A
Tax Annual Amount 4316
Legal Description PT NE EX ETC ADJ GRAYDALE RD EX S 80FT EX 2.86A EX .028A ROW SEC 26 .876A & IN W1/2 NE EX .092A ROW SEC 26 .164A

Utilities

Cooling system Central Air

Amenities

fenced outdoor area

Building Details

Year built 1950
Flooring type Concrete
Roof type Rubber
Listing Agency: Bright Star Real Estate Services LLC
Listed By: Richard Carpenter · License #RB23001651
Added: Jun 15 Changed: Aug 4 Last Checked: Aug 6 at 12:06AM
MLS# 202623517

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 flex-space property includes a mixed-use building on two B-2 zoned parcels totaling 1.04 acres. The 1950 building has concrete flooring, central air, and a rubber roof. A fenced outdoor area adds enclosed space for storage or day-to-day operations, while the layout supports a range of commercial applications.

The property fronts US 33 and includes additional access from CR 113. Improvements include a new roof and furnaces installed in 2016, a new 4-inch well completed in 2022, and updated lighting from 2022. Its combination of indoor commercial space, outdoor storage area, highway exposure, and flexible B-2 zoning is suited to owner-users, investors, contractors, service businesses, and retail operations.

Key Highlights

  • 1.04‑acre property with a mixed‑use building on two B‑2 zoned parcels
  • Frontage on US 33 with multiple access points, including CR 113
  • Fenced outdoor area for enclosed storage or operational use

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage Big Box & Wholesale Store 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

Yes
Fenced yard
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

261
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46517, IN

24,006
Population
9,915
Households
2.4
Avg Household Size
36
Median Age
15%
College-Educated
81%
High-School Grad
36.9 sq mi
ZIP Area
651
Density / Sq Mi
$53,263
Median Household Income
$34,649
Median Earnings
$942
Median Rent
$168,500
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Concord Nutrition Spot 23737 US-33, Elkhart, IN 46517, United States

Frequently Asked Questions

What type of property is this?
Flex space - Mixed-use building on two B-2 zoned parcels with access from US 33 and CR 113.
Where is this flex space located?
The property is located at 23440 US 33 Elkhart, IN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1.04‑acre property with a mixed‑use building on two B‑2 zoned parcels; Frontage on US 33 with multiple access points, including CR 113; Fenced outdoor area for enclosed storage or operational use
More about this property
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