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    Property profile & analytics

    126 Lexington Ave Elkhart, IN 46516-3161

    • Residential income homes
    • 7,793 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US31-0162861
    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

    • Jawad Property Management LLC / Property Management Company
    • Mooi Mary K / Family Counselor

    Property Details for 126 Lexington Ave

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    7,793 SF
    Zone code
    ZO01
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    20-06-05-406-012.000-012
    APU
    200605406012000012

    Description

    This exceptional opportunity presents two executive office suites for lease within a historic building at 126 & 128 West Lexington Avenue in Elkhart, Indiana, 46516. Located in Elkhart County, this property offers a total of 1,001 square feet, currently entirely vacant and ready for immediate occupancy. Each suite is individually divisible, with a minimum leasable area of 450 square feet and a maximum contiguous space of 551 square feet, providing flexibility for various business needs. The building, constructed in 1910, boasts a unique character and charm. Parking is conveniently available via street parking. The property is classified as an Executive Office space and is suitable for multiple tenants. This prime location in Elkhart offers easy access to local amenities and transportation. The suites are ideal for businesses seeking a prestigious address and a well-maintained workspace in a vibrant community. Don't miss this chance to secure your ideal office space in this desirable Elkhart location. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $405,000
      Mixed-Use
      $360,000
      Hospitality
      $300,000
      Educational
      $390,000
      Residential Income
      $305,000
      Energy
      $405,000
      Income-Based Land
      $330,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9743
    Latitude
    41.6861
    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
    $6,202
    $23,400
    $216,200
    $239,600
    -
    $23,400
    $216,200
    $239,600

    Comparable in this City

    • 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
    • Value Estimation
      $280,000
      6,440 SF

      116 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,440 SF
      116 Main St, Elkhart, IN 46516-3122
      View Details
    • Value Estimation
      $310,000
      6,576 SF

      116 Division St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,576 SF
      116 Division St, Elkhart, IN 46516-3614
      View Details
    • Value Estimation
      $320,000
      11,796 SF

      121 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 11,796 SF
      121 Main St, Elkhart, IN 46516-3123
      View Details
    • Value Estimation
      $250,000
      6,160 SF

      118 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,160 SF
      118 Main St, Elkhart, IN 46516-3122
      View Details

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    126 Lexington Ave
    Elkhart, IN 46516-3161
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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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