Restaurants

Elkhart, IN Restaurants for Sale

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Leased Restaurant and Mixed-Use Site
Updated: Jun 2
Leased Restaurant and Mixed-Use Site

705 County Road 6 E, Elkhart, IN 46514

$2,700,000
16,150 sqft 3.42 AC lot
Fully leased 16,150 SF restaurant building on a PUD: Planned Unit Development–zoned site
3.42 acres with nearly 400 ft of frontage on heavily traveled CR 6 E (over 18,000 cars daily) just off SR 19 (over 20,000 cars daily)
Year built: 1988
Individually metered gas forced air heating, central A/C, 200‑amp electrical service, handicap accessible restrooms, and storage areas
3‑way liquor license included in the price (used by Margarita's Mexican Restaurant)
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This listing looks promising.

Here's a quick look at some key insights for

705 County Road 6 E, Elkhart, IN

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Restaurant Building with Kitchen
Updated: Dec 2, 2025
Restaurant Building with Kitchen

822 N Michigan St, Elkhart, IN 46514

$145,000
0.11 AC lot
Existing kitchen infrastructure for restaurant use
0.11‑acre parcel at 822 N Michigan St
Central air conditioning
Tile flooring and basement space
Shingle roof
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Mixed-Use Property with Event Venue
Mixed-Use Property with Event Venue

530 E Lexington Ave, Elkhart, IN 46516

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39,600 sqft 1.60 AC lot

39,600-square-foot property combines restaurant, event, office, kitchen, and industrial components across multiple parcels.

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Restaurant and Bar Opportunity
Restaurant and Bar Opportunity

900 South Main Street, Elkhart, IN 46516

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1,300 sqft 0.15 AC lot

Former restaurant space with a long bar, booth seating, and existing hood system for dining or lounge concepts.

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Retail Space with Full Basement
Retail Space with Full Basement

202 E Indiana Avenue, Elkhart, IN 46516

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Configured for restaurant use with substantial kitchen space and full-basement storage.

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Long John Silver’s Freestanding Restaurant
Long John Silver’s Freestanding Restaurant

1648 Cassopolis St, Elkhart, IN 46514

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1,850 sqft

The property features an absolute net lease with no landlord responsibilities during the stated lease term.

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IHOP Breakfast & Diner
IHOP Breakfast & Diner

2726 Emerson Dr, Elkhart, IN 46514

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IHOP-branded restaurant serving breakfast, lunch, and dinner in Elkhart, Indiana.

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Franchised Restaurant with Real Estate
Franchised Restaurant with Real Estate

107 Northpointe Blvd, Elkhart, IN 46514

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Sale includes the restaurant business, furnishings, equipment, and underlying property.

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Restaurant Building Near Concord Mall
Restaurant Building Near Concord Mall

3535 S Main St, Elkhart, IN 46517

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6,872 sqft

Freestanding restaurant near Concord Mall with ample parking.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Elkhart, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant Building with Lake Access
Restaurant Building with Lake Access

25020 May Street, Edwardsburg, MI 49112

$450,000
4,100 sqft 1.42 AC lot

Remodeled commercial restaurant with outdoor seating, enclosed heated patio, and a complete kitchen setup.

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Restaurant with Bar and Stage
Restaurant with Bar and Stage

512 Lincolnway West, Osceola, IN 46561

Contact for pricing
4,522 sqft

Established restaurant business with dining, entertainment, bar, and outdoor seating areas.

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Leased Restaurant and Bar Building
Leased Restaurant and Bar Building

55581 Ash Rd, Osceola, IN 46561

Contact for pricing
3,375 sqft 0.66 AC lot

Restaurant building is fully leased as a bar, with well and septic on 0.66 acres.

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Two-Story Restaurant with Lake Access
Two-Story Restaurant with Lake Access

25020 May St, Edwardsburg, MI 49112

Contact for pricing
5,069 sqft

Former restaurant with included equipment, two dining levels, and a radiant-heated enclosed patio.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Existing Structures
Commercial Land with Existing Structures

516 E County Road 6, Elkhart, IN 46514

$1,950,000
3.14 AC lot

B2-zoned commercial land with a block building, residential structure, and established corridor exposure.

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B-2 Commercial Land with Building
B-2 Commercial Land with Building

21835 State Road 120, Elkhart, IN 46516

$330,000
1.93 AC lot

B-2 zoning supports varied commercial uses, with an existing building that could accommodate office use.

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Elkhart Commercial Land For Sale
Elkhart Commercial Land For Sale

928 Parkway Avenue, Elkhart, IN 46516

$115,000
0.56 AC lot

Commercial land available within the Parkway development, Elkhart, Indiana.

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Elkhart Commercial Land For Sale
Elkhart Commercial Land For Sale

924 Parkway Avenue, Elkhart, IN 46516

$115,000
0.56 AC lot

Commercial land available in Elkhart, Indiana, zoned B-3.

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Off-Market Properties in Elkhart, IN

Consider similar Off-Market properties in Elkhart, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

3009 Brittany Ct
RESTAURANT

3009 Brittany Ct, Elkhart, IN 46514-5553

$565,000
Estimated value
8,100 sqft 2.32 AC lot
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2425 Main St
RESTAURANT

2425 Main St, Elkhart, IN 46517-4722

$360,000
Estimated value
3,776 sqft 0.47 AC lot
View details
51425 State Rd 19
RESTAURANT

51425 State Rd 19, Elkhart, IN 46514-6119

$280,000
Estimated value
3,000 sqft 0.90 AC lot
View details
3441 Main St
RESTAURANT

3441 Main St, Elkhart, IN 46517-3125

$280,000
Estimated value
4,240 sqft 0.93 AC lot
View details
231 Main St
RESTAURANT

231 Main St, Elkhart, IN 46516-3036

$235,000
Estimated value
1,560 sqft 0.13 AC lot
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1654 Cassopolis St
RESTAURANT

1654 Cassopolis St, Elkhart, IN 46514-3123

$245,000
Estimated value
2,401 sqft 0.37 AC lot
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206 Jackson Blvd
RESTAURANT

206 Jackson Blvd, Elkhart, IN 46516-3017

$250,000
Estimated value
2,196 sqft 0.16 AC lot
View details
1839 Cassopolis St
RESTAURANT

1839 Cassopolis St, Elkhart, IN 46514-3103

$260,000
Estimated value
2,841 sqft 0.45 AC lot
View details
610 Nappanee St
RESTAURANT

610 Nappanee St, Elkhart, IN 46514-1506

$260,000
Estimated value
4,080 sqft 0.91 AC lot
View details
409 Harrison St
RESTAURANT

409 Harrison St, Elkhart, IN 46516-3139

$270,000
Estimated value
6,941 sqft 0.06 AC lot
View details
2720 Cassopolis St
RESTAURANT

2720 Cassopolis St, Elkhart, IN 46514-5102

$340,000
Estimated value
6,164 sqft 0.71 AC lot
View details
2703 Main St
RESTAURANT

2703 Main St, Elkhart, IN 46517-2615

$265,000
Estimated value
2,821 sqft 0.31 AC lot
View details
55560 Ash Rd
RESTAURANT

55560 Ash Rd, Elkhart, IN 46514

$240,000
Estimated value
2,091 sqft 1.32 AC lot
View details
1000 Michigan St
RESTAURANT

1000 Michigan St, Elkhart, IN 46514-2214

$255,000
Estimated value
7,025 sqft 0.64 AC lot
View details
2727 Benham Ave
RESTAURANT

2727 Benham Ave, Elkhart, IN 46517-1953

$155,000
Estimated value
2,100 sqft 0.77 AC lot
View details

Elkhart, IN Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Elkhart, IN, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 65,772 square feet of properties for sale, with an estimated market value of $2,845,000.

Sale prices for restaurant properties in Elkhart, IN start at $145,000, averaging $1,422,500, and reaching up to $2,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 9
Commercial kitchens 2
Drive through restaurants 2
Breakfast & diners 1

Demographics Overview

Population 99K
Population Growth (5Y) -0.8%
Median Household Income $57,378
College Educated 17.6%

High-Yield Neighborhoods for Investment

Identify Elkhart submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
46516 $103K
46514 $145K
46517 $329K

Taxes & Financing

Tax Rate (average for all types) 2.57%
Property Tax per SF $42.55 per SF
Tax Rate vs County Average 0.11 pp above county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Elkhart fall within the 100,000+ square foot range.

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