431 S 3rd Street Elkhart, IN $ 400,000
431 S 3rd Street
$ 400,000
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431 S 3rd Street

Elkhart, IN, 46516
$ 400,000
Bedrooms-- Baths10.0

Monthly Estimate*

$ 2,526

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Commercial Property for sale in Elkhart, IN

for $400,000 with 10 full baths. This building was built in 1960 on a lot size of 1.15.

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 Faade & 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.

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Commercial Active

Price

$ 400,000

Full Bath

10

Property Type

Commercial

Taxes

$ 0

Style

Unknown

Lot Size

1.15

Year Built

1960

Town/City

Elkhart

County/Region

Elkhart

MLS | Web ID

202631808

Features
General
Heating Electric Other Heating System Multiple Heating Systems
Cooling Window Other Multiple Cooling Units
Ceiling Height to be verified
Roof Rubber Shingle
Parking Yes Lot Off-Street Private Street
Sewer Public
# of Buildings 1
Status Active Active
Bathrooms 10
Year Built 1960
New Construction No
Subdivision None
Stories Count 2
Township Concord
Class COMMERCIAL
Type Other/Unknown
Age 66
Business Name Elkhart City Church
Inside City Limits Yes
Special Features Other
REO No
Status Detail 0
Area Elkhart County
City Elkhart
Legal Description SECOND SOUTH & WESTERN LOTS 220 & 221 E1/2 VAC ALLEY ADJ W (TIF 75) SECOND SOUTH & WESTERN LOT 222 & 28FT E SIDE LOT 223 W1/2 VAC ALLEY ADJ E lots 220 & 221 222 & 223
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202631808
Agent First Name Cameron
Agent Last Name Troxel
DOM 7
Tax Year 0
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Exterior
Road Access City
Exterior Brick Concrete Shingle Stone
Lot Size Area 50094
Lot Dimensions 2 parcels/4 lots
Parking Type concrete
Waterfront Y/N No
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Interior
Flooring Carpet Ceramic Tile Concrete Other Tile
Basement/Foundation Full Basement
Walls Block Concrete Drywall Wood
Other 5 - mulit stall bathrooms 3 - single bathrooms
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* Excluded Features
List By
Cameron Troxel

Listing Agent

R1 Property Group Llc

Broker

cameron.troxel@r1prop.com

Email

Affordability Calculator

$2,526
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,526
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/5/2026$400,000 Listed Price

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431 S 3rd Street, Elkhart, IN, 46516 is a Commercial Property for sale at $400,000 with a lot size of 1.15. 431 S 3rd Street has 10.0 baths and was built in 1960. The property's zip code is 46516 which is in Elkhart, IN