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    Property profile & analytics

    118 Main St Elkhart, IN 46516-3122

    • Residential income homes
    • 6,160 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US31-3496391
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • STASH Boutique Consignment / Consignment Shop / Second Hand Store

    Property Details for 118 Main St

    Year built
    1888
    Construction
    WOOD
    Lot size
    0.04 lot acres
    Property size
    6,160 SF
    Zone code
    ZO01
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    20-06-05-407-007.000-012
    APU
    200605407007000012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $210,000
      6.5%
      $235,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $265,000
      Mixed-Use
      $260,000
      Hospitality
      $245,000
      Educational
      $205,000
      Residential Income
      $260,000
      Energy
      $210,000
      Income-Based Land
      $230,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9729
    Latitude
    41.6868
    CBSA code
    21140
    CBSA name
    ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,886
    $16,400
    $141,100
    $157,500
    -
    $16,400
    $141,100
    $157,500

    Comparable in this City

    • Value Estimation
      $345,000
      13,176 SF

      123 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 13,176 SF
      123 Main St, Elkhart, IN 46516-3123
      View Details
    • Value Estimation
      $320,000
      11,325 SF

      214 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 11,325 SF
      214 Main St, Elkhart, IN 46516-3172
      View Details
    • Value Estimation
      $330,000
      4,070 SF

      465 Simpson Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,070 SF
      465 Simpson Ave, Elkhart, IN 46516-4754
      View Details
    • Value Estimation
      $310,000
      3,827 SF

      465 Simpson Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,827 SF
      465 Simpson Ave, Elkhart, IN 46516-4754
      View Details
    • Value Estimation by Request
      2,688 SF

      636 Moody Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,688 SF
      636 Moody Ave, Elkhart, IN 46516-2958
      View Details
    • Value Estimation
      $285,000
      6,440 SF

      200 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,440 SF
      200 Main St, Elkhart, IN 46516-3120
      View Details

    Similar Nearby for Sale

    • $900,000
      Pending

      Elkhart Apartment Building Investment

      21 units in two buildings, fully occupied, investment opportunity.
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      Elkhart Entertainment District Landmark Property

      Turn-key restaurant/entertainment venue with supporting rental income.
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      $99,900
      Pending

      Elkhart Duplex: Rehab Opportunity

      Duplex in Elkhart, undergoing complete rehab, great income potential.
      916 Madison St, Elkhart, IN 46516
      View Details
    • $160,000
      2,502 SF

      Spacious Home with Basement Bedroom

      Well-maintained home with efficiency and basement bedroom in Elkhart.
      301 W Jackson Blvd, Elkhart, IN 46516
      View Details
    • $140,500
      2,028 SF

      Elkhart Fourplex: Investment Opportunity

      Four-unit property with income potential in Elkhart, Indiana.
      607 W Marion St, Elkhart, IN 46516
      View Details
    • New
      $119,900
      2,442 SF

      Elkhart Fourplex with Mini-Splits

      Four-unit property with mini-split systems, near downtown Elkhart.
      207 N 2Nd St, Elkhart, IN 46516
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    Similar Nearby for Lease

    • $2,500 /Mo
      1,625 SF

      Elkhart Mixed-Use Property For Rent

      Mixed-use property with office and storage, ideal for service providers.
      228 W Marion St, Elkhart, IN 46516
      View Details
    • $18 SF/Yr
      1,417 SF

      Elkview Office: Prime Elkhart Location

      Modern Executive Suite, 1417 sq ft, Elkhart, IN
      230 Main St, 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
    • $3 SF/Yr
      31,035 SF

      Versatile Spaces in Elkhart CBD

      Varied spaces for rent in Elkhart, utilities included.
      421-423 S 2Nd St, Elkhart, IN 46516
      View Details
    • Contact for pricing
      13,636 SF

      Elkhart Industrial Facility For Rent

      13,636 SF industrial facility suitable for service and repair.
      4307 Wyland Dr, Elkhart, IN 46516
      View Details
    • $5 SF/Yr
      50,261 SF

      Manufacturing/Warehouse Building For Rent

      Manufacturing/warehouse building with complete renovation and new loading docks.
      1701 Conant St, Elkhart, IN 46516
      View Details
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    118 Main St
    Elkhart, IN 46516-3122
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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
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