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Elwood, IN Specialty Properties for Sale

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Church Property with Classroom Space
Updated: Apr 2
Church Property with Classroom Space

223 Main St, Elwood, IN 46036

$670,000
4,461 sqft 1.79 AC lot
Well‑maintained church built in 1992 with 4,461 SF of interior space
Sanctuary with high ceilings plus fellowship space, offices, classrooms, kitchen facilities, and multi‑purpose rooms
1.79‑acre parcel with approximately 80 on‑site parking spaces for congregants, staff, and visitors
Zoned R2—supports continued religious use and may support alternative uses such as community center, daycare, or event venue (subject to approvals)
Located in the core of downtown Elwood at 223 Main Street
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Based on your search, we've compiled 45 Potential Opportunities for your consideration. Besides 1 Active listings in Elwood, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 36 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.

Signalized Intersection NNN Opportunity
Signalized Intersection NNN Opportunity

2512 S Scatterfield Rd, Anderson, IN 46016

$4,174,000
5,919 sqft

New 20-year NNN ground lease at signalized intersection.

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Historic Schoolhouse with Garden Grounds
Historic Schoolhouse with Garden Grounds

14520 E State Road 38 E, Noblesville, IN 46060

$299,900
2,000 sqft

Built in 1898, the schoolhouse has a roof replacement completed in 2013-2014 and features restored decorative soffit details.

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Noblesville Retail Investment Opportunity
Noblesville Retail Investment Opportunity

17833 Foundation Dr, Noblesville, IN

Contact for pricing
3,725 sqft 1.21 AC lot

NNN leased retail property in prime Noblesville corridor.

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Stabilized Rental Property Portfolio
Stabilized Rental Property Portfolio

2621 W 8th St, Anderson, IN 46011

Contact for pricing

Portfolio includes 14 properties, with 12 recently renovated within the last year and tenant rights applying.

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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 Development Land with Garage
Commercial Development Land with Garage

4917 N Wheeling Parcel B Avenue, Muncie, IN 47304

$200,000
1.80 AC lot

1.8-acre corner parcel in Muncie includes a garage and good frontage near a retail shopping center.

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Zoned B-2 Commercial Infill Lot
Zoned B-2 Commercial Infill Lot

Weston Pointe Drive, Carmel, IN 46032

$799,900
1.00 AC lot

Commercial lot zoned B-2 with shared parking agreement providing up to 90+ spaces.

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Commercial Land with Major Road Frontage
Commercial Land with Major Road Frontage

5436 Brookville Road, Indianapolis, IN 46219

$925,000
1.58 AC lot

Zoned C-3 and C-7, the two-parcel site offers nearly 240 feet of road frontage and utilities available.

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3.53 Acres on Post Road
3.53 Acres on Post Road

4045 N Post Rd, Indianapolis, IN 46226

$265,200
3.53 AC lot

Land with religious and residential zoning in mixed-use area.

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Off-Market Properties in Elwood, IN

Consider similar Off-Market properties in Elwood, 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.

1821 Main St
CHARITABLE ORGANIZATION

1821 Main St, Elwood, IN 46036

Value Estimation by Request
0.21 AC lot
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1801 Main St
CHARITABLE ORGANIZATION

1801 Main St, Elwood, IN 46036-2049

Value Estimation by Request
0.21 AC lot
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1820 A St
CHARITABLE ORGANIZATION

1820 A St, Elwood, IN 46036

Value Estimation by Request
0.10 AC lot
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Main St
CHARITABLE ORGANIZATION

Main St, Elwood, IN 46036

Value Estimation by Request
0.07 AC lot
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Main St
CHARITABLE ORGANIZATION

Main St, Elwood, IN 46036

Value Estimation by Request
0.11 AC lot
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Main St
CHARITABLE ORGANIZATION

Main St, Elwood, IN 46036

Value Estimation by Request
0.07 AC lot
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Main St
CHARITABLE ORGANIZATION

Main St, Elwood, IN 46036

Value Estimation by Request
0.06 AC lot
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220 Main St
CHARITABLE ORGANIZATION

220 Main St, Elwood, IN 46036-1820

Value Estimation by Request
892 sqft 0.21 AC lot
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1519 B St
CHARITABLE ORGANIZATION

1519 B St, Elwood, IN 46036-1509

Value Estimation by Request
0.20 AC lot
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L St
CHARITABLE ORGANIZATION

L St, Elwood, IN 46036

Value Estimation by Request
0.12 AC lot
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2020 D St
CHARITABLE ORGANIZATION

2020 D St, Elwood, IN 46036-1633

Value Estimation by Request
0.20 AC lot
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B St
CHARITABLE ORGANIZATION

B St, Elwood, IN 46036

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0.16 AC lot
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B St
CHARITABLE ORGANIZATION

B St, Elwood, IN 46036

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0.15 AC lot
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1316 B St
CHARITABLE ORGANIZATION

1316 B St, Elwood, IN 46036

Value Estimation by Request
0.16 AC lot
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415 Anderson St
FUNERAL HOME

415 Anderson St, Elwood, IN 46036-2321

Value Estimation by Request
9,298 sqft 0.20 AC lot
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1113 Anderson St
FUNERAL HOME

1113 Anderson St, Elwood, IN 46036-2822

Value Estimation by Request
11,710 sqft 0.09 AC lot
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1447 A St
CHARITABLE ORGANIZATION

1447 A St, Elwood, IN 46036-1904

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5,256 sqft 0.06 AC lot
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2538 A St
CHARITABLE ORGANIZATION

2538 A St, Elwood, IN 46036-2136

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0.14 AC lot
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2532 A St
CHARITABLE ORGANIZATION

2532 A St, Elwood, IN 46036-2136

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0.15 AC lot
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1331 A St
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1331 A St, Elwood, IN 46036-1942

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0.10 AC lot
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1301 A St
CHARITABLE ORGANIZATION

1301 A St, Elwood, IN 46036

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0.23 AC lot
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1500 A St
CHARITABLE ORGANIZATION

1500 A St, Elwood, IN 46036-1539

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0.30 AC lot
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1309 A St
CHARITABLE ORGANIZATION

1309 A St, Elwood, IN 46036

Value Estimation by Request
0.07 AC lot
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Elwood, IN Specialty Properties Market Trends and Statistics

Explore 37 specialty properties for sale in Elwood, IN on our real estate platform. These investment opportunities span a total of 4,461 square feet of properties for sale, with an estimated market value of $670,000.

Sale prices for properties in Elwood, IN start at $670,000, averaging $670,000, and reaching up to $670,000 — 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

Churches & religious facilities 1
Day care centers 1

Demographics Overview

Population 11K
Population Growth (5Y) -5.4%
Median Household Income $59,082
College Educated 14.2%

Taxes & Financing

Tax Rate (average for all types) 2.82%
Property Tax per SF $43.44 per SF
Tax Rate vs County Average 0.09 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Madison County

New Delisted

Total CRE Inventory on Market (SF)

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