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Industrial Land with Farmhouse
New
For Sale
$8,350,000

500 N Main Street, Middlebury, IN 46540

COMMERCIAL, Middlebury, IN

Property SizeContact for details
Lot Size33.40 Acres
Days on Market2

Property Features for 500 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking features Garage, Off Street
Directions 500 N Main Middlebury IN 46540 North Main is also SR 13, this property is on the east side of the road halfway between CR 14 and CR 12. 1.2 miles north of the stoplight in downtown Middlebury
Subdivision Elkhart County
Standard status Active
APN 20-08-02-100-010.000-035
Lot size 33.40 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 20-08-02-100-010.000-035 20-08-02-300-002.000-035 20-08-02-300-035.000-035
Tax Annual Amount 7348
Legal Description 20-08-02-100-010.000-035 20-08-02-300-002.000-035 20-08-02-300-035.000-035

Utilities

Cooling system Central Air

Building Details

Year built 1944
Roof type Shingle
Listing Agency: Bartel & Company
Listed By: Brad Hooley · License #RB14018099
Added: Oct 16 Last Checked: Oct 17 at 7:06AM
MLS# 202643020

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.

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Investment Insights

Based on property information with market context.

This 33.4-acre industrial land property includes an existing farmhouse, a four-car garage, and a barn workshop. The site is zoned M-2, with city water and sewer extending to the property. Road frontage measures 1,306 feet.

Pre-development engineering and plans are available, including a drainage site plan and building and parking elevations.

Key Highlights

  • 33.4 acres zoned M‑2
  • 1,306 feet of road frontage
  • City water and sewer to the site

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Building Supply Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

122
Businesses Nearby

Demographics for 46540, IN

12,552
Population
4,245
Households
3
Avg Household Size
33
Median Age
19%
College-Educated
71%
High-School Grad
59.4 sq mi
ZIP Area
211
Density / Sq Mi
$99,664
Median Household Income
$45,850
Median Earnings
$1,074
Median Rent
$297,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Industrial land - M-2 zoning and city water and sewer serve the site, which also contains a farmhouse, garage, and barn workshop.
Where is this industrial land located?
The property is located at 500 N Main Street Middlebury, IN.
What is the asking price?
The asking price for this property is $8,350,000.
What are key features of this property?
This property features: 33.4 acres zoned M‑2; 1,306 feet of road frontage; City water and sewer to the site
More about this property
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