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522 - 524 Main Street, Elkhart, IN

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522 - 524 Main Street

Elkhart, IN 46516 - Downtown Elkhart Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1885
Building Size:8,042 SF Land Area:.12 AC (5,227 SF)
For Sale Price:$248,000 Price/SF:$30.84
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 1.47/1,000 SF

Basement included.

Sale Notes:
Investor's check this out!! 3 spaces leased with monthly income of $2475/month! In revitalized downtown Elkhart, multi-use building that features two main street level suites and a beautiful upper level 1,785 SF apartment/flat that has been leased @ $975/month, creating an income 'stream'! 522 S. Main Street., is a street level 2,000 SF retail/office space w/ hardwood flooring in front area leased at $750/month - 2 years. 524 S. Main Street, contains approx. 1,700 SF showroom/retail space and is currently lease at $750/month for 1 year. All space is exceptionally clean and updated. Both of the front suites have floor to ceiling street front glass windows. Upper apartment/flat has been beautifully maintained w/ hardwood floors, 2 bedrooms., with 1 1/2 baths, galley kitchen w/ stainless appliances, office ,large laundry/utility room & rear balcony. Apartment is under lease @ $975/month. There is potentially a second apartment on upper level, with 1 bdrm, 1 bath that is currently used as a workshop. Furnaces & a/c units are new in 2012. This is a very nice & well kept building!!

South on Main Street, in downtown Elkhart, on the east side of street. Across the street from the popular Artisan Restaurant & 523 Tap and Grille.

Berkshire Hathaway
Joe Grabill
(574) 284-2610

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