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31342538
31342553

219 S Third Street Elkhar, Elkhart, IN 46516 For Sale

CB
IN IN RB14043585
NAI Cressy - Mishawaka
RG
IN RB14049453, MI 6501313630
NAI Cressy - Mishawaka
Listed by NAI Cressy - Mishawaka
$350,000
113 days on market
Updated 1 day ago

219 S Third Street

Details
Property Type Office
Sub Type Traditional Office
Square Footage 4,800
Cap Rate 6.93%
NOI $24,240
Occupancy 50%
Tenancy Multi
Lease Type NNN
Lease Term 2
Lease Expiration 11/14/2027
Remaining Term 1.3
Rent Bumps No
Price per SqFt $73
Broker Co-Op Yes
Class B
Year Built 1959
Buildings 1
Stories 2
Acreage 0.180
Zoning CBD
Investment Type Owner/User
Lease Commencement 11/15/2025

Elkhart Office Building - 50% Occupied With Income!!!

Marketing description

The 4,800 SF professional office building offers functional space and excellent layout for a variety of business users. Originally built in 1959, this property is fully air-conditioned and designed to support multiple tenants. There is a large lobby and the interior features 9-foot ceilings throughout, enhancing the sense of space and openness while providing abundant natural light. The floor plan includes two dedicated conference rooms as well as 12 private professional office The building also includes a large bullpen area, ample storage, and built-in file cabinets to support organization and workflow. There are four restrooms conveniently placed to serve staff and visitors.

Situated in the heart of Elkhart’s Central Business District, this professional office building enjoys a prime location adjacent to restaurants, government offices, and a variety of retail and professional businesses. Tenants benefit from the convenience of being proximal to County and City buildings, making daily operations seamless. The surrounding area provides a vibrant business environment with ample amenities for employees and visitors alike, combining convenience, connectivity, and a professional atmosphere in one central location.

Investment highlights

4,800 SF Professional Office Building in the Central Business District

Listing Contacts

CB
IN IN RB14043585
NAI Cressy - Mishawaka
RG
IN RB14049453, MI 6501313630
NAI Cressy - Mishawaka
Listed by NAI Cressy - Mishawaka

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$24,240.00
$2,020.00/mo

Valuation Metrics

0
DSCR
6.93%
Cap Rate
6.93%
ROI

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Additional Information

Name
Chris Barth
License
IN RB14043585
Brokerage
NAI Cressy
Brokerage Phone
574-271-4060
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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