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    1120 Main St Elkhart, IN 46514

    Sponsored
    For Lease
    $7 SF/Yr

    281,434 SF Office/Warehouse, 40,000 SF Available

    Lot size:
    281,434 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Elkhart, Indiana commercial property, located at 1120 N. Main St, zip code 46514, offers a unique blend of office and warehouse space. The 281,434 square foot building sits on a 13.4-acre lot and features a two-story office component totaling over 40,000 square feet, currently available for lease. The building, constructed in 1915 and classified as Class C, boasts a variety of ceiling heights ranging from 14 feet to 28 feet. The warehouse portion encompasses over 181,434 square feet, including a freight elevator servicing the second floor, a testing chamber, and a compressor room. Warehouse features include sections with 25-foot clear ceiling heights, 11 loading docks (10'h x 9'w), and 5 grade-level doors (14'h x 12'w). Ample parking is provided with 320 spaces. The property is zoned I-1 and benefits from robust power capabilities: 480 Volts, 4000 Amps, 3-phase. The property's APN is 20-02-32-454-009.000-027, 20-02-32-451-011.000-027, 20-02-32-456-020.000-027, and is located in Elkhart County. This property presents a significant opportunity for businesses seeking a substantial and versatile space in a prime location within the RV Capital of the World.

    Property Features for 1120 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    281,434 SF
    Class
    C
    Total Rate
    164169.83

    Building Details

    Year Built
    1915
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Main Building
    Size
    40,000 SF
    Rate per SF
    $7

    HighLights

    • Two‑building industrial campus in Elkhart, IN, situated on Main & Simonton Streets.
    • North Elkhart industrial campus comprising two buildings.
    • Main Street building: 281,434 SF, 11 docks, 5 grade‑level doors.
    • Simonton Street building: 47,266 SF, 3 docks, 4 grade‑level doors.
    • Campus or individual building leases available.
    • Total of 11 docks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9747181
    Latitude
    41.6973458

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    FAQs

    What type of property is this?
    Office Property / Space - 281,434 SF Office/Warehouse, 40,000 SF Available
    Where is this office property / space located?
    The property is located at 1120 Main St Elkhart, IN.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: Two-building industrial campus in Elkhart, IN, situated on Main & Simonton Streets.; North Elkhart industrial campus comprising two buildings.; Main Street building: 281,434 SF, 11 docks, 5 grade-level doors.
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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
    1120 Main St Elkhart, IN 46514
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