228-246 Waterfall Dr - Loft/Creative Space FOR SALE


$2,995,000 USD
574-849-5002
228-246 Waterfall Dr, Elkhart, IN for Sale
$2,995,000 USD
Loft/Creative Space - FOR SALE
1/18
null | Request Cap Rate


HIGHLIGHTS

  • Located along the Elkhart River within walking distance of downtown amenities and services.
  • Offers multiple balconies and decks for tenant use and outdoor workspace.
  • Features a 23,180 SF complex on a 3.49-acre parcel.
  • Provides easy access to E Jackson Blvd, Middlebury St, and nearby arterial routes.
  • Includes utilities in lease arrangements, simplifying occupancy costs.
  • Positioned near government offices, banking institutions, and IUSB Elkhart campus.

OVERVIEW

Waterfall Professional Village offers an exceptional investment opportunity in the heart of Downtown Elkhart. This 23,180 SF multi-building office complex sits on a 3.49-acre site along the Elkhart River, providing long-term stability and revenue potential for discerning investors. With an asking price of $2,995,000, this property features multiple balconies and decks, creating a unique professional environment that appeals to a diverse array of tenants. The location ensures strong demand due to its proximity to municipal and county buildings, banking institutions, medical facilities, and Indiana University South Bend (IUSB) Elkhart campus. Walkable access to downtown dining, retail, and services further enhances tenant retention and property value. Positioned near major thoroughfares, including E Jackson Blvd and Middlebury St, the property benefits from excellent regional connectivity for commuters and clients alike. This portfolio-style asset offers both income-producing spaces and redevelopment flexibility in a thriving economic corridor, making it attractive for both stabilized operations and long-term appreciation.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$129 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.49 AC

LAND SF

152,024 SF

ZONING

CBD

APN/PARCEL ID

20-06-05-480-032.000-012

ASK ABOUT THIS PROPERTY

Therese GeiseBradley CompanyMore Info
574-849-5002

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Therese GeiseBradley CompanyMore Info
574-849-5002

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