210 Main St Elkhart, IN 46516-3120
This exceptional commercial property, located at 210 S Main Street in the heart of downtown Elkhart, Indiana, presents a rare investment opportunity. Situated on a 0.15-acre lot, this building boasts a rich history, having served as the Orpheum Theatre since its opening in 1915, hosting vaudeville acts and motion pictures. Subsequently remodeled in 1970, it operated as Cinema 1 for two decades. The property's prime location on Elkhart's Gateway Mile, adjacent to the Vine Restaurant, offers unparalleled visibility and accessibility. Its proximity to the Elkhart Community Riverwalk further enhances its appeal. The building's unique character and intimate space provide a blank canvas for a variety of commercial uses, allowing a new owner to contribute to the vibrant downtown Elkhart scene. The property comprises two parcels. Note that property taxes have historically been non-existent due to the building's previous non-profit status. The asking price is $200,000. Square footage information is unavailable at this time. This is a truly remarkable opportunity to own a piece of Elkhart's history and contribute to its continued revitalization.
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
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Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Elkhart, INCosts & 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.