About 431 S 3rd Street
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 Façade & 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.
Features of 431 S 3rd Street
| MLS® # | 202631808 |
|---|---|
| Price | $400,000 |
| Bathrooms | 10.00 |
| Square Footage | 50,094 |
| Acres | 1.15 |
| Year Built | 1960 |
| Type | Commercial |
| Sub-Type | Other/Unknown |
| Status | Active |
Community Information
| Address | 431 S 3rd Street |
|---|---|
| Subdivision | None |
| City | Elkhart |
| County | Elkhart County |
| State | IN |
| Zip Code | 46516 |
Amenities
| Features | Other |
|---|---|
| Parking | Lot, Off-Street, Private, Street |
| Is Waterfront | No |
Interior
| Interior | Block, Concrete, Drywall, Wood |
|---|---|
| Heating | Electric, Other Heating System, Multiple Heating Systems |
| Cooling | Window, Other, Multiple Cooling Units |
| # of Stories | 2 |
| Basement | Full Basement |
Exterior
| Exterior | Brick, Concrete, Shingle, Stone |
|---|---|
| Roof | Rubber, Shingle |
| Construction | No |
Additional Information
| Days on Market | 37 |
|---|---|
| Zoning | Subject to County Zoning Codes |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Cameron Troxel |
|---|---|
| Office | R1 Property Group LLC |