Auction Information
Income producing building with business opportunities & leased apartments!
Monday, September 15, 2025 Bidding begins closing out at 6 pm
526 S. Main St., Elkhart, IN 46516
Open House: Wednesday, September 10th from 5:30 - 6 pm or by private showing
This is a Joint Venture with Keller Williams Realty, Broker Julie Circle
Concord Township Elkhart County
$12,102.00 Annual Taxes 13,500 SF
Legal Description: O L 44X95 FT LOT 25 & VAC 1 1/4 FT R W(TIF 75) & OL 25 N 44' OF S 88' SW COR & VAC 1 1/4' RW (TIF 75)
Parcel #s: 20-06-05-478-003.000-012 & 20-06-05-478-015.000-012
Dont Miss this Unique Opportunity to Own a Profitable Investment featuring 3-Adjoining retail/multi-use buildings! The property is located in the thriving downtown Elkhart Entertainment District and boasts a whopping 15,501 sq. ft that is zoned Commercial, Mixed-Use.
This investment property features a fully functioning restaurant complete with outdoor dining & a banquet room; retail space ad...
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.
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