Courtesy of R1 Property Group LLC, Cameron Troxel, 574-329-0259

$400,000

431 S 3rd Street, Elkhart IN, 46516

Price per sqftN/A

Built in1960

Property typeCommercial

Overview

Active

Updated 2 weeks ago

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.

Additional information

MLS^® ID: 202631808

Interior Features

Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 1.15 Acres

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID

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Data last updated 3:44 AM UTC, 9/24/2026

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