Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2515 Old Elkhart, IN 46516

    Sponsored
    For Lease
    $6 SF/Yr

    4,242 sq ft Office/Retail Space. Prime Elkhart location.

    Lot size:
    4,242 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,242 square foot commercial property, located at 2515 Old U.S. 20 in Elkhart, Indiana (zip code 46516), presents a fantastic opportunity for a single tenant. The property is zoned B-3 and is classified as retail, restaurant, and office space, currently configured as a traditional office. Its strategic location offers significant advantages. Situated just west of County Road 17 on Old US 20, it benefits from high visibility and convenient access. The property enjoys a strong surrounding area, with the Retreat Apartments located directly behind and the Elkhart Industrial Park conveniently across the street. This ensures a steady flow of potential customers and employees. Currently, the space houses Creative Touch Nails and US 20 Discount Groceries. An attractive incentive is available: three months of free rent are offered with a 24-month lease agreement. This property is ideal for businesses seeking a well-positioned, spacious, and readily available commercial space in a thriving Elkhart location. The property's size and zoning make it suitable for a variety of uses within the permitted categories.

    Property Features for 2515 Old

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,242 SF

    Unit(s) available at that property

    Space
    Size
    4,242 SF
    Rate per SF
    $6

    HighLights

    • 4,242 square foot commercial property at 2515 Old U.S. 20, Elkhart, IN 46516.
    • B‑3 zoning allows for retail, restaurant, and office use; currently configured as office space.
    • High‑visibility location on Old US 20, west of County Road 17, near Retreat Apartments and Elkhart Industrial Park.
    • Currently occupied by Creative Touch Nails and US 20 Discount Groceries.
    • Three months free rent offered with a 24‑month lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.923303099156
    Latitude
    41.676555691419

    Nearby Similar for Lease

    • $9,376 /Mo
      4,950 SF

      Elkhart Office Building For Lease

      Professional office space with high visibility and ample parking.
      631 County Road 17, Elkhart, IN 46516
      View Details
    • $3 SF/Yr
      52,000 SF

      Elkhart Mixed-Use Space Available

      Multiple spaces available for rent in Elkhart, Indiana.
      421 S 2Nd St, Elkhart, IN 46514
      View Details
    • $2,500 /Mo
      2,250 SF

      Renovated Mixed-Use Space Available

      Renovated open concept space with high-traffic frontage on Bristol Street.
      1842 E Bristol St, Elkhart, IN 46514
      View Details
    • $1,000 /Mo
      1,575 SF

      Commercial Suites on Beardsley Avenue

      Well-maintained commercial suites available for lease in Elkhart, Indiana.
      1600 W Beardsley Ave, Elkhart, IN 46514
      View Details
    • $1,400 /Mo
      3,095 SF

      Downtown Elkhart Renovated Office Space

      Renovated office space in downtown Elkhart with parking.
      209 S 2Nd St, Elkhart, IN 46514
      View Details
    • $3,500 /Mo
      85,455 SF

      Creative Space in Elkhart, IN

      Creative space with high ceilings, natural light, and unique features.
      701 Randolph St, Elkhart, IN 46514
      View Details
    • $5 SF/Yr
      7,800 SF

      Versatile Commercial Space in Elkhart

      Flexible space suitable for various business uses.
      25810 Miner Rd, Elkhart, IN 46514
      View Details
    • $3,500 /Mo
      2,320 SF

      Elkhart Bar/Restaurant Space Available

      Commercial space suitable for a bar or restaurant in Elkhart.
      112 E Lexington Ave, Elkhart, IN 46516
      View Details
    • $47,200
      Pending

      Elkhart Warehouse Facility For Lease

      9,040 SF industrial/warehouse space on 1.50 acres in Elkhart, Indiana.
      2917 Paul Dr, Elkhart, IN 46516
      View Details
    • $15 SF/Yr
      30,000 SF

      Elkhart Office Space For Lease

      Office space available in Elkhart, IN with river views.
      700 Beardsley St, Elkhart, IN 46515
      View Details
    • $2,500 /Mo
      1,625 SF

      Elkhart Mixed-Use Property for Rent

      1,625 sqft mixed-use property with office and storage space.
      228 W Marion St, Elkhart, IN 46516
      View Details
    • New
      $1,050 /Mo
      1,840 SF

      Versatile Commercial Building For Lease

      1,840 SF commercial building suitable for retail, storage, workshop.
      800 Harrison St, Elkhart, IN 46516
      View Details

    FAQs

    What type of property is this?
    Restaurant - 4,242 sq ft Office/Retail Space. Prime Elkhart location.
    Where is this restaurant located?
    The property is located at 2515 Old Elkhart, IN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 4,242 square foot commercial property at 2515 Old U.S. 20, Elkhart, IN 46516.; B-3 zoning allows for retail, restaurant, and office use; currently configured as office space.; High-visibility location on Old US 20, west of County Road 17, near Retreat Apartments and Elkhart Industrial Park.
    Request Owner's contact information
    2515 Old Elkhart, IN 46516
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2515 Old
    Elkhart, IN 46516
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2515 Old Elkhart, IN 46516
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.