About 526 S Main Street
Entrepreneurs, Dreamers, Investors-don't miss this once in a lifetime chance. Built in landmark marquis. Make your money back in 10 years or less! Three adjoining retail/multi-use buildings.The property is located on the 500 block of downtown Elkhart entertainment district. Much larger than it looks! The unique property features a main restaurant location, a stage for live musical entertainment, with an adjoining smaller retail space that could operate independently. It can be operated as one business with multiple seating areas. Large commercial kitchen and 3 bar service facilities. Summer overflow can use the private outdoor patio seating and small stage for musicians. Banquet room in the lower level provides more income opportunity. Comedy nights there have been memorable. Access to a Downtown Elkhart Economic Development River Walk liquor license for $1000 annually that permits use as a night club. A 2nd parcel is included (20-06-05-478-015.000-012) that includes 3 leased apartments with private Main Street entrance. Private showings available. TURN KEY for restaurant/entertainment. Supporting rental income already in place.
Features of 526 S Main Street
| MLS® # | 202428647 |
|---|---|
| Price | $1,348,000 |
| Bathrooms | 10.00 |
| Square Footage | 4,182 |
| Acres | 0.10 |
| Year Built | 1920 |
| Type | Commercial |
| Sub-Type | Restaurant/Bar |
| Status | Active |
Community Information
| Address | 526 S Main Street |
|---|---|
| Subdivision | None |
| City | Elkhart |
| County | Elkhart County |
| State | IN |
| Zip Code | 46516 |
Amenities
| Utilities | Electric Hook-Up, Gas Hook-Up, Mun. Sewer Hook-Up, Mun. Water Hook-Up |
|---|---|
| Features | Three Phase, Handicap Access, Alley, Basement, Public Restrooms, Reception Area, Security Fence, Ventilating/Exhaust Fans, Refrigeration/Freezer |
| Parking | Lot, Paved, Street |
| Is Waterfront | No |
Interior
| Interior | Concrete |
|---|---|
| Heating | Gas, Forced Air, Multiple Heating Systems |
| Cooling | Central Air, Multiple Cooling Units |
| # of Stories | 3 |
| Basement | Full Basement, Outside Entrance |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Rubber |
| Construction | No |
Additional Information
| Days on Market | 215 |
|---|---|
| Zoning | CBD Central Business District |
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees | 534800 |
Listing Details
| Agent | Julie Circle |
|---|---|
| Office | Keller Williams Realty Group |
| Contact Info | myhomebrokerjulie@gmail.com |