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    516 Main St Elkhart, IN 46516

    Sponsored
    For Lease
    $14 SF/Yr ($14,040 /Mo)

    750 SF Executive Office Suite Available

    Lot size:
    11,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 516 S. Main St, Elkhart, Indiana, presents a rare opportunity to lease a 750-square-foot executive office suite. Located in the heart of downtown Elkhart, this building boasts a rich history, having been constructed in 1910. The property is situated on a 0.13-acre lot and comprises a total of 11,700 square feet, currently offering multiple tenancies. The building's classification includes both retail and office space, reflecting its versatile nature and potential for a variety of businesses. The available 750 square feet provides ample space for a growing company or an established professional seeking a prestigious downtown address. The building's prime location in Elkhart County offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the community. The property's blend of historical charm and modern functionality creates a unique and desirable workspace. This is an excellent opportunity to secure a well-located, historically significant office space in a thriving Indiana city. The zip code is 46516. Serious inquiries are encouraged to explore this leasing opportunity further. Currently, 750 square feet are vacant within the larger 11,700 square foot building.

    Property Features for 516 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,700 SF
    Total Rate
    14040

    Building Details

    Year Built
    1910

    Unit(s) available at that property

    Space
    Suite 102
    Size
    750 SF
    Rate per SF
    $14

    HighLights

    • Attractive masonry exterior enhances curb appeal.
    • Open floor plan suitable for office or retail use.
    • Build‑to‑suit option allows tenant customization.
    • Prime location in the Central Business District, on the Gateway Mile, near numerous amenities including restaurants, government offices, and a soon‑to‑open hotel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lacasa, Inc. - Elkhart Non-Profit Organization Heart of the Arts Art School Notre Dame Federal ... Federal Credit Union

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.970943
    Latitude
    41.6830104

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    FAQs

    What type of property is this?
    Office Property / Space - 750 SF Executive Office Suite Available
    Where is this office property / space located?
    The property is located at 516 Main St Elkhart, IN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Attractive masonry exterior enhances curb appeal.; Open floor plan suitable for office or retail use.; Build-to-suit option allows tenant customization.
    Request Owner's contact information
    516 Main St Elkhart, IN 46516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    516 Main St Elkhart, IN 46516
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