223 Main St - Specialty FOR SALE


Elwood, IN 46036
$670,000 USD
317-560-1323
223 Main St, Elwood, IN for Sale
$670,000 USD
Specialty - FOR SALE
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null | Request Cap Rate

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223 Main St
Elwood, IN 46036


HIGHLIGHTS

  • Large lot 1.79 acres with extensive greenspace
  • Favorable R2 zoning that allows for residential or continued religious use
  • Central location and high visibility
  • Ample parking with 61 spaces

OVERVIEW

Positioned prominently along Main Street, this well-maintained church property at 223 Main Street presents a unique opportunity for an owner-user, investor, or congregation seeking a new home. Classic architectural charm and functional space, the property is well-suited for continued religious use or a variety of adaptive reuse opportunities. The building offers 4461sf of interior space, and a welcoming sanctuary with [XX± seating capacity], high ceilings, and traditional design elements that create a warm and inviting atmosphere. Supporting areas include fellowship space, offices, classrooms, kitchen facilities, and additional multi-purpose rooms—ideal for community programming or administrative use. Situated on a 1.79ac parcel, the property provides a balance of building footprint and usable outdoor space. On-site parking includes approximately 80 spaces, offering convenient access for congregants, staff, and visitors. Zoned R2 (14 separate parcels), the property allows for continued religious use and may support a range of alternative uses such as community center, daycare, event venue, or potential redevelopment (subject to local approvals and zoning regulations). Located in the core of downtown Elwood, the property benefits from strong visibility, easy accessibility, and proximity to local amenities. The surrounding area fosters a close-knit community environment, enhancing its appeal for both service-oriented and redevelopment-focused buyers.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

First Presbyterian Elwood

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Religious Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

R2

APN/PARCEL ID

48-04-16-202-137.000-027

ASK ABOUT THIS PROPERTY

Dan O'NeilBerkshire HathawayMore Info
317-560-1323

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Dan O'NeilBerkshire HathawayMore Info
317-560-1323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.