216 S 16th Street Elwood, IN ^$ 39,900

216 S 16th Street

^$ 39,900

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Recently Listed

216 S 16th Street

Elwood, IN, 46036

^$ 39,900

Bedrooms-- Baths-- Sq 6,625

Monthly Estimate*

^$ 252

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Commercial Property for sale in Elwood, IN

for $39,900. This 6,625 square foot building was built in 1920 on a lot size of 0.16.

Building is suitable for many uses. 6,145 square feet on ground level, 4 rooms with largest being 82x46. Upstairs has 3 offices, 2 bathrooms and an old built in file drawers. Ground level has lots of windows for natural light. Concrete and hardwood floors. Several old sliding rail dock doors. Built in safe. Would make a great restaurant, brewery or what ever your imagination dreams up!. Formerly where J Lewis Small operated out of.

Commercial Active

Price

^$ 39,900

Property Type

Commercial

Taxes

^$ 1,666

Style

Business

Lot Size

0.16

Year Built

1920

Town/City

Elwood

County/Region

Madison

MLS | Web ID

22120016

Features

General

Utilities Electricity Connected Natural Gas Available

Possession Closing

Zoning C/I

Year Built 1920

Township Pipe Creek

Property Subtype Business

Tax Year 2025

Current Use Industrial

County Madison

New Construction N

Property Type Commercial Sale

Status Active

Directions GPS Friendly

City Elwood

High School District Elwood Community School Corp

MLS Area 4804 - Madison - Pipe Creek

Lot Size Square Feet 6795

Standard Status Active

Tax Lot 5

Legal Description Pt Lts 4 & 5 Bowers & V/A & Pt Lot 5 Blk 7 Op Elw

Exterior

Building Area Total 6625

Lot Size Acres 0.16

Road Surface Type Asphalt

Road Frontage Type City Street

* Excluded Features

List By

Dollars And Sense Real Estate

Broker

merrirealtor@gmail.com

Affordability Calculator

$391

Per Month

Monthly Principal & Interest: $252
Monthly Property Taxes: $139
Monthly Home Insurance: --

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Interest Rate

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Yearly 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

Trends
Schools

Commerical listings in Elwood, IN

Average List Price ^$597,450

Percent of Sale Price 1,397%

About Elwood, IN

8,319 Population

-12% Since 2002

^$38,531 Median Income

39.81 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4045156 Elementary School

4045167 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/13/2026	$39,900		Listed Price

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216 S 16th Street, Elwood, IN, 46036 is a Commercial Property for sale at $39,900 with 6,625 sqft and a lot size of 0.16. 216 S 16th Street was built in 1920. The property's zip code is 46036 which is in Elwood, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is 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 updated as of 8/24/2026.

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216 S 16th Street

Commercial Property for sale in Elwood, IN

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