Listing courtesy of R1 Property Group LLC · Listing agent: Cameron Troxel

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431 S 3rd Street

$400,000

Elkhart, IN 46516

  • 1.2 acres
  • Basement
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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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