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223 Main St - First Presbyterian Elwood 4,461 SF Specialty Building Offered at $932,439 CAD in Elwood, IN 46036

Investment Highlights
- Large lot 1.79 acres with extensive greenspace
- Central location and high visibility
- Favorable R2 zoning that allows for residential or continued religious use
- Ample parking with 61 spaces
Executive Summary
Positioned prominently along Main Street, this well-maintained church property at 223 Main Street presents a unique opportunity for an owner-user, investor, or congregation seeking a new home. Classic architectural charm and functional space, the property is well-suited for continued religious use or a variety of adaptive reuse opportunities.
The building offers 4461sf of interior space, and a welcoming sanctuary with [XX± seating capacity], high ceilings, and traditional design elements that create a warm and inviting atmosphere. Supporting areas include fellowship space, offices, classrooms, kitchen facilities, and additional multi-purpose rooms—ideal for community programming or administrative use.
Situated on a 1.79ac parcel, the property provides a balance of building footprint and usable outdoor space. On-site parking includes approximately 80 spaces, offering convenient access for congregants, staff, and visitors.
Zoned R2 (14 separate parcels), the property allows for continued religious use and may support a range of alternative uses such as community center, daycare, event venue, or potential redevelopment (subject to local approvals and zoning regulations).
Located in the core of downtown Elwood, the property benefits from strong visibility, easy accessibility, and proximity to local amenities. The surrounding area fosters a close-knit community environment, enhancing its appeal for both service-oriented and redevelopment-focused buyers.
The building offers 4461sf of interior space, and a welcoming sanctuary with [XX± seating capacity], high ceilings, and traditional design elements that create a warm and inviting atmosphere. Supporting areas include fellowship space, offices, classrooms, kitchen facilities, and additional multi-purpose rooms—ideal for community programming or administrative use.
Situated on a 1.79ac parcel, the property provides a balance of building footprint and usable outdoor space. On-site parking includes approximately 80 spaces, offering convenient access for congregants, staff, and visitors.
Zoned R2 (14 separate parcels), the property allows for continued religious use and may support a range of alternative uses such as community center, daycare, event venue, or potential redevelopment (subject to local approvals and zoning regulations).
Located in the core of downtown Elwood, the property benefits from strong visibility, easy accessibility, and proximity to local amenities. The surrounding area fosters a close-knit community environment, enhancing its appeal for both service-oriented and redevelopment-focused buyers.
Property Facts
| Price | $932,439 CAD | Lot Size | 1.79 AC |
| Price Per SF | $209.02 CAD | Building Size | 4,461 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Year Built | 1992 | |
| Zoning | R2 | ||
| Price | $932,439 CAD |
| Price Per SF | $209.02 CAD |
| Sale Type | Investment or Owner User |
| Property Type | |
| Lot Size | 1.79 AC |
| Building Size | 4,461 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Zoning | R2 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 48-04-16-202-137.000-027 | Improvements Assessment | $188,603 CAD |
| Land Assessment | $10,825 CAD | Total Assessment | $199,428 CAD |
Property Taxes
Parcel Number
48-04-16-202-137.000-027
Land Assessment
$10,825 CAD
Improvements Assessment
$188,603 CAD
Total Assessment
$199,428 CAD
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223 Main St - First Presbyterian Elwood
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