Listing courtesy of RE/MAX Oak Crest - Elkhart · Listing agent: Nick Foy · Cell: 574-538-8801
209 S 2nd Street
Elkhart, IN 46516
- Basement
- Bedrooms
- 2
- Bathrooms
- 3
- Living area
- 4,252 sq ft
- Lot
- 0.17 ac
- Year built
- 1915
- Type
- Other
- Listed
- June 14, 2026
- MLS #
- 202623318
About this home
Exceptional mixed-use investment opportunity in the heart of downtown Elkhart. This well-positioned building features a spacious main-level commercial storefront with excellent visibility and flexibility for retail, office, service, or creative business use, along with two upper-level residential apartments that provide additional income potential. Each second-floor apartment offers 1 bedroom and 1 bathroom and showcases the character tenants love, including soaring 10-foot ceilings, beautiful hardwood floors, granite counters, large windows, and abundant natural light. The residential units blend historic charm with functional living spaces in a walkable downtown setting. The main-level commercial space features an open secretary room and 5 office rooms with carpeted flooring, making it ready for a variety of business uses. The office includes two bathrooms, a kitchen, and storage room as well. Located just steps from downtown restaurants, shops, entertainment, and local employers, this property benefits from strong visibility and convenient access for both customers and tenants. Whether you're an investor seeking multiple income streams, an owner-occupant looking to operate a business while generating rental income, or a developer looking to add value, this versatile property offers significant upside in one of Elkhart's growing downtown corridors.
Monthly payment estimate
$2,552/mo
- Principal & interest
- $2,189
- Property taxes
- $246
- Homeowners insurance
- $117
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 6,189 sq ft
- Finished area above grade
- 4,252 sq ft
- Unfinished area below grade
- 1,937 sq ft
- Below grade total
- 1,937 sq ft
- Bedrooms above grade
- 2
- Basement
- Partial, Unfinished
- Flooring
- Carpet, Wood
- Heating
- Natural Gas, Forced Air, Radiator
- Cooling
- Central Air, Window Unit(s)
- Amenities
- Basement, Near Walking Trail, Countertops-Stone, Crown Molding, Detector-Smoke, Water Heater Gas, Wiring-Data, Washer Hook-Up
Exterior & parking
- Style
- Traditional
- Construction
- Brick
- Roof
- Rubber
- Foundation
- Stone
- Parking
- Asphalt, Parking Lot, Off Street, Paved
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.17 ac
- Lot dimensions
- 68x105
- Location type
- City/Town/Suburb
- County
- Elkhart County
- Township
- Concord
- Road frontage
- City Street
- Road surface
- Asphalt
- Platted
- Yes
- Planned unit development
- No
- Directions
- Turn onto 2nd Street. Building sits just south of Lexington and 2nd Street intersection on west side.
Schools
- Elementary school
- Beardsley
- Middle school
- North Side
- High school
- Elkhart
- School district
- Elkhart Community Schools
Taxes & terms
- Annual taxes
- $2,956
- Tax year
- 2025
- Tax exemptions
- No Exemptions
- Possession
- Closing Day
- Parcel number
- 20-06-05-409-013.000-012
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- Indiana Michigan Power
- Gas provider
- NIPSCO
Income & commercial
- Units
- 3
- Annual gross rent
- $24,900
- Net operating income
- $14,434
- Lease term
- 12 Months
- Parking spaces
- 7
- Pets allowed
- No
- Tenant pays
- Electricity
- Insurance (annual)
- $3,886
- Water & sewer (annual)
- $744
- Electric (annual)
- $480
- Fuel (annual)
- $2,200
- Maintenance (annual)
- $200