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    223 Main St Elkhart, IN 46516

    Sponsored
    For Lease
    $9 SF/Yr ($15,221 /Mo)

    Historic Downtown Elkhart Office/Coworking

    Lot size:
    20,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,295 square foot commercial property, located at 223 S Main St in Elkhart, Indiana, presents a unique investment opportunity. Built in 1890, this historic building offers a blend of character and modern potential. Currently, the entire space (20,295 sq ft) is available for lease. The property is classified as both retail and office space, making it suitable for a variety of uses, including executive offices and coworking spaces. Its multiple tenancy designation allows for flexible configurations to suit diverse business needs. Situated in Elkhart County, with a convenient Elkhart, IN 46516 zip code, this location offers excellent accessibility and visibility. The building's rich history combined with its substantial size and prime downtown location makes it an attractive prospect for businesses seeking a prominent presence in the heart of Elkhart. The property's versatility allows for creative adaptation to meet the specific requirements of a wide range of tenants. This is a rare chance to acquire a significant commercial space in a desirable location with immense potential for growth and success. All 20,295 square feet are vacant and ready for immediate occupancy.

    Property Features for 223 Main St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,295 SF
    Total Rate
    15221.25

    Building Details

    Year Built
    1890

    Unit(s) available at that property

    Space
    223 S Main St.
    Size
    20,295 SF
    Rate per SF
    $9

    HighLights

    • Prime coworking space in Elkhart's CBD.
    • Multiple conference rooms, meeting areas, and a break room available.
    • Suitable for single or multiple office tenants.
    • Secure IT infrastructure provided.
    Property Profile Location Intelligence

    Current Use by Public Records

    Beverly S Peters, ... Family Law Attorney Corwin-Cripe Law, LLC Family Law Attorney Doran Blackmond Norton ... Attorney That's Dancing Studio Dance School Taig Marks Inc Marketing Agency

    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
    -85.97271959
    Latitude
    41.68569187

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    FAQs

    What type of property is this?
    Coworking space - Historic Downtown Elkhart Office/Coworking
    Where is this coworking space located?
    The property is located at 223 Main St Elkhart, IN.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Prime coworking space in Elkhart's CBD.; Multiple conference rooms, meeting areas, and a break room available.; Suitable for single or multiple office tenants.
    Request Owner's contact information
    223 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
    223 Main St Elkhart, IN 46516
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