131 E Franklin St Elkhart, IN 46516
- Office Properties & Spaces
- 31,800 SF
- 0.33 lot acres
Current Use by Public Records
- Boys & Girls Club of Elkhart / Child Welfare Organization / Charitable Organization
- 1st Source Insurance / Insurance Agency
- Walker Law Office / Law Firm
- Martin Capital Management LLP / Financial Advisor
- 1st Source Bank / Bank / Loan Service
Property Details for 131 E Franklin St
- Year built
- 1865
- Construction
- WOOD
- Lot size
- 0.33 lot acres
- Property size
- 31,800 SF
- Property type
- Office Properties & Spaces
- APN
- 20-06-05-476-018.000-012
- APU
- 200605476018000012
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,670,000
- AI Estimate
- $1,929,000
Market price range: $742k - $2.61MMarket price range: $855k - $2.83M
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Location Insight
- Map
- Local Demand
- City
- Elkhart
- County
- Elkhart
- State
- Indiana
- Longitude
- -85.9703
- Latitude
- 41.6843
- CBSA code
- 21140
- CBSA name
- ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA