Listing courtesy of RE/MAX Oak Crest - Elkhart · Listing agent: Nick Foy · Cell: 574-538-8801

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209 S 2nd Street

$399,900

$94.05 / sq ft

Est. $2,552/mo

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
Your loan

  • 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.
Change taxes, insurance and more in the full calculator

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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

Location

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$399,900

2 beds · 3 baths