Active

431 S 3rd Street

Other/Unknown • 66Y Old
$400,000 Listed 2 months ago
1.15 Acre
Basement
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Property Description

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.

Directions

East on Franklin/Lexington, turn right (south) on 3rd, go to stop sign, building on the right. Parking in back.

Property
MLS # 202631808
Date Listed 2026-08-05
Status Active
Property Type Commercial
Property SubType Other/Unknown
New Construction No
Type Other/Unknown
Basement Yes
Year Taxes Payable 0
Year Built 1960
Virtual Tour propertypanorama.com »
Days on Market 61
Homestead Year No
Room Dimensions
Den 1 × 0 Level
3rd Bedroom 10 × 0 Level
External Features
Construction Other/Unknown
Lot Size 50,094 sq ft
Acreage 1.15 Acre
Lot Dimensions 2 parcels/4 lots
Fence None
Location
Area Elkhart County
County Elkhart
Subdivision None
Township Concord
City Elkhart
State IN
Zip 46516
Financial
Assoc. Dues $0.00
Contact

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MLS# 202631808
Listing Provided Courtesy of Cameron Troxel
R1 Property Group LLC

Listing updated August 11, 2026 at 10:00 am
Last checked 11 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.