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Listed by R1 Property Group LLC
$ 400,000
Est. payment /mo
Active
431 S 3rd ST Elkhart, IN 46516
10 Baths
1.15 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202631808
HOA Y/N No
Year Built 1960
Lot Size 1.150 Acres
Acres 1.15
Lot Dimensions 2 parcels/4 lots
Property Sub-Type Other
Property Description
Exceptional commercial opportunity in the heart of downtown Elkhart offering ~21,891 sq. ft. of versatile multi-use space on a 1.15-acre lot. Built to host large gatherings, this prominent facility features a grand sanctuary/event hall, flexible administrative and breakout offices, and a full industrial kitchen. Located steps from The Lerner Theatre, local dining, and core downtown amenities, the property boasts prime transit access and strong redevelopment potential for adaptive reuse. Buyers may leverage various local economic incentive programs, including the EUEA Façade & Placemaking Grant (matching up to $5,000), Gateway Mile Loan Fund, Aurora Capital Loan Fund, as well as TIF and tax abatement options through the City of Elkhart Department of Development Services. All grant, loan, and tax incentive opportunities are subject to application, city guidelines, and approval; buyers should independently verify eligibility with the City of Elkhart Department of Development Services.
Location
State IN
County Elkhart County
Rooms
Basement Full
Interior
Heating Electric, Other, Multiple Heating Systems
Inclusions Building
Fireplace N
Exterior
Parking Features Parking Lot, Off Street, Private, On Street
View Y/N true
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Pets Allowed No
Tax ID 20-06-05-453-007.000-012
Acceptable Financing IRM202631808
Listing Terms IRM202631808
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202631808
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