Log In/Sign Up
Your email has been sent.
219 S 3rd St
Elkhart, IN 46516
Office Property For Sale
Investment Highlights
- 4,800 SF Professional Office Building in the Central Business District
Executive Summary
**LEASE IN PLACE ON 1ST FLOOR THROUGH NOVEMBER 2027. - $10.10/SF NNN**
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 offices. 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.
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 offices. 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,800 SF
Building Class
B
Year Built
1959
Price
$498,306 CAD
Price Per SF
$103.81 CAD
Cap Rate
6.93%
NOI
$34,511 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,400 SF
Slab To Slab
12’
Building FAR
0.79
Lot Size
0.14 AC
Zoning
CBD
Parking
10 Spaces (2.08 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 20-06-05-380-012.000-012 | Improvements Assessment | $224,937 CAD |
| Land Assessment | $41,012 CAD | Total Assessment | $265,949 CAD |
Property Taxes
Parcel Number
20-06-05-380-012.000-012
Land Assessment
$41,012 CAD
Improvements Assessment
$224,937 CAD
Total Assessment
$265,949 CAD
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
