Financial
Distress signals
Property profile

600 S Main St Elkhart, IN 46516

FOR LEASE
Other office properties
Property ID
US31-0636839
21,660 SF 0.25 ac lot Built 1888
Last sale Apr 2026
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A live-work office building located at 600 S Main St in Downtown Elkhart, associated with the area historically known as “Commerce Plaza.” The property has updated common areas and interior spaces, including a lobby renovation, fresh paint, and new flooring throughout. Reported building improvements include a newer HVAC system, new LED lighting, and a key fob access/lock system. The layout is described as adaptable for multiple operating configurations, including the potential to finish space

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$496k
Assessed land$62k
Assessed improvement$434k
Effective rate3.03%

Value estimate

· Sep 2026
$430k
$387k – $473k
Sales comparison$850k
NOI build-up
Gross scheduled income$408k
Vacancy & credit loss−$110k
Operating expenses−$75k
NOI · 1,864,391.67% cap applied$224k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
1,864,391.67%
$224k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency10.4
Smoke and Vape Shop9.8
Plumbing Service9.7

Location

600 S Main St Elkhart, IN 46516
County assessor Recorded deeds · 4 transfers Comp sales · not on file 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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message