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Property profile & analytics
OFF-MARKET
Retail space

211 Main St Elkhart, IN 46516-3036

2,867 SF 0.16 ac lot Built 1930
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-0768732
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Stephenson's of Elkhart Inc. Clothing & Fashion Store
  • Main Street Tattoos Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Blink LLC · 1 yrs held
Blink LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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