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    Property profile & analytics

    210 Main St Elkhart, IN 46516

    • Theaters & concert halls
    • 8,968 SF
    • 0.07 lot acres
    For Sale
    View listing
    $200,000
    Value Estimation
    Last Sale
    Mar 11, 2025
    Location Intelligence
    Property ID
    US31-3563904
    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

    • Theaters & concert halls

    Property Details for 210 Main St

    Year built
    1915
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.07 lot acres
    Property size
    8,968 SF
    Zone code
    ZO01
    Property type
    Theaters & concert halls
    APN
    20-06-05-411-005.000-012
    APU
    200605411005000012

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $290,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $275,000
      Mixed-Use
      $270,000
      Hospitality
      $370,000
      Educational
      $340,000
      Residential Income
      $360,000
      Energy
      $280,000
      Income-Based Land
      $300,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhart
    County
    Elkhart
    State
    Indiana
    Longitude
    -85.9724
    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
    $25
    $5,100
    $270,900
    $276,000
    -
    $5,100
    $270,900
    $276,000

    Comparable in this City

    • Value Estimation
      $330,000
      9,828 SF

      1527 Belmont Ave

      THEATER (MOVIE) • 9,828 SF
      1527 Belmont Ave, Elkhart, IN 46516-4145
      View Details
    • Value Estimation
      $350,000
      11,534 SF

      174 State St

      THEATER (MOVIE) • 11,534 SF
      174 State St, Elkhart, IN 46516-3625
      View Details
    • Value Estimation
      $320,000
      5,777 SF

      23805 Sunnyside Ave

      THEATER (MOVIE) • 5,777 SF
      23805 Sunnyside Ave, Elkhart, IN 46516-6007
      View Details
    • Value Estimation
      $330,000
      7,960 SF

      1618 6th St

      THEATER (MOVIE) • 7,960 SF
      1618 6th St, Elkhart, IN 46516-2543
      View Details
    • Value Estimation
      $495,000
      21,150 SF

      Indiana

      THEATER (MOVIE) • 21,150 SF
      Indiana, Elkhart, IN 46516
      View Details
    • Value Estimation by Request
      33,875 SF

      410 Main St

      THEATER (MOVIE) • 33,875 SF
      410 Main St, Elkhart, IN 46516-3209
      View Details

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    210 Main St
    Elkhart, IN 46516
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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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