131 E Franklin St, Elkhart, IN 46516
For Sale
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This exceptional 962-square-foot office space is located within the Franklin Station building at 131 E Franklin St, Elkhart, IN 46516, a two-story historical building situated in Elkhart's Central Business District. The unit, fully remodeled, boasts bright windows offering a pleasant view of Centennial Park. The space features attractive 10-foot ceilings and an open floor plan, complemented by one large executive office, ideal for a variety of business needs. This single-tenant space is part of a larger 16,750-square-foot building, classified as Class B and constructed in 1865. The building is zoned for CBD use. The property offers a full gross lease, meaning all utilities—electricity, gas, water, and sewer—are included in the lease price, excluding internet, data, and phone services. The building benefits from a long-term anchor tenant, 1st Source Bank, which has occupied the building for over three decades, providing stability and a strong presence within the community. This presents a unique opportunity to lease a beautifully renovated office space in a historically significant building with a proven track record of occupancy. The property is conveniently located in the heart of Elkhart's vibrant business district.
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Boys & Girls Club of Elkhart Child Welfare Organization Charitable Organization
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1st Source Insurance Insurance Agency
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Walker Law Office Law Firm
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Martin Capital Management LLP Financial Advisor
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1st Source Bank Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.