Technical
Financial
Distress signals
Property profile

211 Main St Elkhart, IN 46516

OFF-MARKET
Retail space
Property ID
US31-0768732
2,867 SF 0.16 ac lot Built 1930
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,867 square foot commercial building, situated at 211 N Main Street in the heart of Elkhart, Indiana, presents a unique investment opportunity. Currently configured as a salon featuring booth rentals for stylists and tattoo artists, this property boasts significant versatility and potential for a variety of uses. The building sits on a 0.16-acre lot and benefits from numerous recent upgrades, including a newer metal roof and updated mechanical systems, ensuring low maintenance and operational efficiency. The existing setup provides a proven business model, while the prime downtown location and included CBD liquor license offer significant advantages for entrepreneurs seeking a high-traffic area. Whether continuing the established salon operation or pursuing a different venture, this property offers a compelling combination of established infrastructure and untapped potential. The spacious layout allows for customization to suit diverse business needs, making it an ideal choice for a wide range of commercial enterprises. The property's strong location within the vibrant downtown Elkhart area ensures high visibility and accessibility, attracting a steady stream of potential customers. This is a rare opportunity to acquire a well-maintained, versatile commercial building in a thriving downtown location. The asking price is $249,900.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction WOOD
Total area 2,867 SF
Lot 0.16 ac (6,752 SF)
Zoning code ZO01
APN 20-06-05-257-010.000-012
UPID US31-0768732

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Tattoo & Piercing Shop

Location

211 Main St Elkhart, IN 46516-3036
Elkhart metro Census 2900 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2024
Last sale
$200,000
4 recorded transactions
2024
Price N/A
2024
$200,000
2023
$200,000
2022
Price N/A

Zoning & alternative use

ZO01 · Elkhart, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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