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209 S 2nd Street, Elkhart, IN 46516

$399,900.00
  • 209 S 2nd Street, Elkhart, IN 46516 Main Photo

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Active
BEDS2 BATHS2 full 2 partial SQUARE FEET4,252 MLS#202623318
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLElkhart Community Schools

Property Description

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.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partial Basement, Unfinished
Basement: Yes
Cooling: Central Air, Window
Days on Market: 37
Heating: Gas, Forced Air, Radiator
Home Style: Other
Lot Size: 0.17 Acres
Roof Type: Rubber
Stories: 2.0
Year Built: 1915

Feature Descriptions

Above Grade Finished SQFT: 4252
Amenities: Basement, Near Walking Trail, Countertops-Stone, Crown Molding, Detector-Smoke, Water Heater Gas, Wiring-Data, Washer Hook-Up
Exterior: Brick
Location: City/Town/Suburb
Lot: Level
Lot Dimensions: 68x105
Owner Pays: Heating, Sewer, Snow Removal, Water
Sale Inclusions: Building, Land
Sewer: City
Tenant Pays: Electric
Total Finished SQFT: 4252
Units: 3
Water: City

Local Schools

High School: Elkhart
Middle School: North Side
Elementary School: Beardsley
School District: Elkhart Community Schools

Listed By / Shown By

Listed By

Agency Name: RE/MAX Oak Crest - Elkhart
Agency Contact: Cell: 574-538-8801
Agent Name: Nick Foy

Shown By

Agency Title: Collins & Company Realtors®
Agency Phone:

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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

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Estimated Payment

$ 1,795.15 per month $1,678.51 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.64 Homeowner's Insurance

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