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    Elwood, IN Specialty Properties for Sale

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    Church Property with Classroom Space
    Updated: Apr 3
    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
    View details
    See hot listings in Elwood

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    Based on your search, we've compiled 42 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 1 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.

    Historic Schoolhouse with Restored Details
    Historic Schoolhouse with Restored Details

    14520 E State Road 38 E, Noblesville, IN 46060

    $299,900
    2,000 sqft

    Historic schoolhouse featuring a newer roof and period-style decorative soffit.

    View details
    7-Unit Multifamily Portfolio
    7-Unit Multifamily Portfolio

    1222 Nichol Ave, Anderson, IN 46016

    Contact for pricing
    10,042 sqft

    Two updated apartment buildings with on-site parking and recent capital improvements across both properties.

    View details
    Historic Schoolhouse Property
    Historic Schoolhouse Property

    14520 E State Road 38 E, Noblesville, IN 46060

    $299,900
    1.25 AC lot

    Historic structure with garden areas, asphalt roofing, and A3 zoning on a substantial parcel.

    View details
    Specialty Property
    Specialty Property

    1627 Brown Street, Anderson, IN 46016

    $159,000

    The property features a paved exterior surface.

    View details

    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.

    B-2 Commercial Land Parcel
    B-2 Commercial Land Parcel

    Weston Pointe Drive, Carmel, IN 46032

    $649,900
    1.00 AC lot

    One-acre commercial site with shared parking and approved office, restaurant, daycare, and service uses.

    View details

    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

    Estimated value:
    $230,000
    0.21 AC lot
    View details
    1801 Main St
    CHARITABLE ORGANIZATION

    1801 Main St, Elwood, IN 46036-2049

    Estimated value:
    $235,000
    0.21 AC lot
    View details
    1820 A St
    CHARITABLE ORGANIZATION

    1820 A St, Elwood, IN 46036

    Estimated value:
    $225,000
    0.10 AC lot
    View details
    Main St
    CHARITABLE ORGANIZATION

    Main St, Elwood, IN 46036

    Estimated value:
    $240,000
    0.07 AC lot
    View details
    Main St
    CHARITABLE ORGANIZATION

    Main St, Elwood, IN 46036

    Estimated value:
    $240,000
    0.11 AC lot
    View details
    Main St
    CHARITABLE ORGANIZATION

    Main St, Elwood, IN 46036

    Estimated value:
    $240,000
    0.07 AC lot
    View details
    Main St
    CHARITABLE ORGANIZATION

    Main St, Elwood, IN 46036

    Estimated value:
    $245,000
    0.06 AC lot
    View details
    220 Main St
    CHARITABLE ORGANIZATION

    220 Main St, Elwood, IN 46036-1820

    Estimated value:
    $215,000
    892 sqft 0.21 AC lot
    View details
    1519 B St
    CHARITABLE ORGANIZATION

    1519 B St, Elwood, IN 46036-1509

    Estimated value:
    $240,000
    0.20 AC lot
    View details
    L St
    CHARITABLE ORGANIZATION

    L St, Elwood, IN 46036

    Estimated value:
    $225,000
    0.12 AC lot
    View details
    2020 D St
    CHARITABLE ORGANIZATION

    2020 D St, Elwood, IN 46036-1633

    Estimated value:
    $230,000
    0.20 AC lot
    View details
    B St
    CHARITABLE ORGANIZATION

    B St, Elwood, IN 46036

    Estimated value:
    $220,000
    0.16 AC lot
    View details
    B St
    CHARITABLE ORGANIZATION

    B St, Elwood, IN 46036

    Estimated value:
    $230,000
    0.15 AC lot
    View details
    1316 B St
    CHARITABLE ORGANIZATION

    1316 B St, Elwood, IN 46036

    Estimated value:
    $220,000
    0.16 AC lot
    View details
    415 Anderson St
    FUNERAL HOME

    415 Anderson St, Elwood, IN 46036-2321

    Estimated value:
    $240,000
    9,298 sqft 0.20 AC lot
    View details
    1113 Anderson St
    FUNERAL HOME

    1113 Anderson St, Elwood, IN 46036-2822

    Estimated value:
    $300,000
    11,710 sqft 0.09 AC lot
    View details
    1447 A St
    CHARITABLE ORGANIZATION

    1447 A St, Elwood, IN 46036-1904

    Estimated value:
    $245,000
    5,256 sqft 0.06 AC lot
    View details
    2538 A St
    CHARITABLE ORGANIZATION

    2538 A St, Elwood, IN 46036-2136

    Estimated value:
    $230,000
    0.14 AC lot
    View details
    2532 A St
    CHARITABLE ORGANIZATION

    2532 A St, Elwood, IN 46036-2136

    Estimated value:
    $225,000
    0.15 AC lot
    View details
    1331 A St
    CHARITABLE ORGANIZATION

    1331 A St, Elwood, IN 46036-1942

    Estimated value:
    $225,000
    0.10 AC lot
    View details
    1301 A St
    CHARITABLE ORGANIZATION

    1301 A St, Elwood, IN 46036

    Estimated value:
    $230,000
    0.23 AC lot
    View details
    1500 A St
    CHARITABLE ORGANIZATION

    1500 A St, Elwood, IN 46036-1539

    Estimated value:
    $240,000
    0.30 AC lot
    View details
    1309 A St
    CHARITABLE ORGANIZATION

    1309 A St, Elwood, IN 46036

    Estimated value:
    $225,000
    0.07 AC lot
    View details

    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 average $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%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    46036 $670K

    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)

    How Realmo verifies these figures

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