Listing courtesy of R1 Property Group LLC · Listing agent: Cameron Troxel
431 S 3rd Street
$400,000
Elkhart, IN 46516
- 1.2 acres
- Basement
- Bathrooms
- 10
- Lot
- 1.15 ac
- Year built
- 1960
- Type
- Other
- Listed
- August 5, 2026
- MLS #
- 202631808
About this home
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.
Property details
Interior
- Stories
- 2
- Basement
- Full
- Flooring
- Carpet, Ceramic Tile, Concrete, Tile
- Heating
- Electric, Multiple Heating Systems
- Cooling
- Window Unit(s), Multiple Cooling Units
Exterior & parking
- Construction
- Brick, Concrete, Shingle Siding, Stone
- Roof
- Rubber, Shingle
- Parking
- Parking Lot, Off Street, Private, On Street
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot size (acres)
- 1.15 ac
- Lot dimensions
- 2 parcels/4 lots
- Inside city limits
- Yes
- County
- Elkhart County
- Township
- Concord
- Cross street
- W Marion st.
- Road frontage
- City Street
- Platted
- Yes
- Directions
- East on Franklin/Lexington, turn right (south) on 3rd, go to stop sign, building on the right. Parking in back.
Taxes & terms
- Tax year
- 0
- Tax abatement
- Yes
- Possession
- at closing
- Parcel number
- 20-06-05-453-007.000-012
Included in the sale
- Included in sale
- Building
Utilities
- Water
- Public
- Sewer
- Public Sewer
Income & commercial
- Ceiling height
- to be verified
Location
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