526 S Main St , Elkhart, IN 46516(Elkhart County)

This investment property features a fully functioning restaurant complete with outdoor dining & a banquet room; retail space adjoins the restaurant and the connecting parcel as 3-fully leased apartments with their own private Main Street entrance.

The turn-key restaurant has a large commercial Kitchen, banquet room, 3 Bar-Service facilities and internally seats 165. The Private Outdoor Patio allows for more seating and also has a stage for guest entertainment. A Banquet room in the lower level, complete with bar service & stage, provides more income opportunities & access to the River Walk adds to the ambiance.

Large commercial kitchen features new walk-in cooler & freezer units that were put in 2022 and a second walk in cooler is located in the finished lower level. The Kitchen has two separate lines under two hood systems with over 24 foot of cooking space -- The kitchen meets and/or exceeds current Elkhart County health codes! This operation can be managed under a Downtown Elkhart Economic Development Liquor License for alcohol, wine and beer with no carry out alcohol at $1,000 annually. Inventory and equipment are negotiable. The second retail space could be used independently or in conjunction with the restaurant and has water & a dedicated exterior door.

The adjoining apartment building includes 3 leased apartments with private Main Street entrance. Apartments in story-2 of 2nd building have appliances. Each unit has a rooftop HVAC system and are individually metered for gas & electricity. Water & sewer are provided by one city water meter for all apartments. Apartments are all occupied on a month-to-month lease/ gross monthly income $2,800. City parking lot and city garage are located at the rear entrance.

Come see for yourself: Open House, Wed. September 10 from 5:30 6pm or Private showings are available by request.