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Property profile

401 2nd St Elkhart, IN 46516

OFF-MARKET
Other office properties
Property ID
US31-3372129
5,980 SF 0.11 ac lot Built 1900
Last sale Dec 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This two-story mixed-use office/retail building is located at 401 S 2nd St in Elkhart, Indiana. The main level contains approximately 2,900 square feet and is configured to allow separation into one or multiple areas. The upper level is accessed internally and includes seven separate office spaces. The interior layout supports either leasing as a single main-level configuration or combining multiple spaces to match operational needs, with tenant improvement work typically including customizable…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$167k
Assessed land$7k
Assessed improvement$160k
Effective rate3.03%

Value estimate

· Oct 2026
$240k
$216k – $264k
AI approach$240k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$49/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$23 – $82
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionELKHART

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.3
Storage Facility11.1
Kitchen & Bath10.9

Location

401 2nd St Elkhart, IN 46516-3241
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
117 County Rd 17, Elkhart, IN 46516-5448 $885,650 Aug 2024 640 SF
122 Washington, Elkhart, IN 46516-3029 $35,000 Dec 2020 2,202 SF
835 Blaine, Elkhart, IN 46516-2421 $23,140 Jan 2020 18,905 SF
3333 Middlebury, Elkhart, IN 46516-5587 $710,000 May 2019 18,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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