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  • $399,900

    209 S 2nd St, Elkhart, IN 46516

    2beds
    4,252sqft
    : 
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    Multi Family
    Built in 1915
    -- sqft lot
    $384,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Spacious main-level commercial storefrontLarge windowsGranite countersAbundant natural lightOpen secretary roomStorage roomTwo bathrooms
    Exceptional mixed-use investment opportunity in the heart of downtown Elkhart. This well-positioned building features a spacious main-level commercial storefront with excellent visibility and flexibility for retail, office, service, or creative business use, along with two upper-level residential apartments that provide additional income potential. Each second-floor apartment offers 1 bedroom and 1 bathroom and showcases the character tenants love, including soaring 10-foot ceilings, beautiful hardwood floors, granite counters, large windows, and abundant natural light. The residential units blend historic charm with functional living spaces in a walkable downtown setting. The main-level commercial space features an open secretary room and 5 office rooms with carpeted flooring, making it ready for a variety of business uses. The office includes two bathrooms, a kitchen, and storage room as well. Located just steps from downtown restaurants, shops, entertainment, and local employers, this property benefits from strong visibility and convenient access for both customers and tenants. Whether you're an investor seeking multiple income streams, an owner-occupant looking to operate a business while generating rental income, or a developer looking to add value, this versatile property offers significant upside in one of Elkhart's growing downtown corridors.
    31 days
    |
    319
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nick Foy Cell:574-538-8801,

    RE/MAX Oak Crest - Elkhart,

    Kevin Foy,

    RE/MAX Oak Crest - Elkhart

    Source: IRMLS,MLS#: 202623318MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 4
      • Full bathrooms: 2
      • 1/2 bathrooms: 2
      Heating
      • Natural Gas, Forced Air, Radiator
      Cooling
      • Central Air, Window Unit(s)
      Appliances
      • Included: Gas Water Heater
      • Laundry: Washer Hookup
      Features
      • Stone Counters, Crown Molding, Wired for Data
      • Flooring: Part Carpet, Wood
      • Basement: Partial,Unfinished,Stone
      Interior area
      • Total structure area: 6,189
      • Total interior livable area: 4,252 sqft
      • Finished area above ground: 4,252
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 7
      • Parking features: Parking Lot, Off Street, Paved, Asphalt
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 7,405 Square Feet
      • Dimensions: 68x105
      • Features: Level, City/Town/Suburb, Near Walking Trail
      Details
      • Additional structures: None
      • Parcel number: 200605409013.000012
      • Zoning: CBD

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Basement
      • Roof: Rubber
      Condition
      • New construction: No
      • Year built: 1915

      Utilities & green energy

      • Electric: Indiana Michigan Power
      • Gas: NIPSCO
      • Sewer: City
      • Water: City

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: None
      Location
      • Region: Elkhart

      Financial & listing details

      • Annual tax amount: $2,956
      • Date on market: 6/14/2026
      • Inclusions: Building, Land
      • Lease term: 12 Months
      • Total actual rent: 24900
      • Tenant pays: Electricity
      • Road surface type: Asphalt

        Estimated market value

        $384,200

        $365,000 - $403,000

        $997/mo

        Price history

        DateEventPrice
        6/14/2026Listed for sale$399,900+370.5%
        Source: IRMLS #202623318 Report a problem
        5/24/2017Listing removed$85,000$20/sqft
        Source: RE/MAX Excellence #201706401 Report a problem
        5/2/2017Price change$85,000-14.1%$20/sqft
        Source: RE/MAX Excellence #201706401 Report a problem
        4/25/2017Price change$99,000-13.8%$23/sqft
        Source: RE/MAX Excellence #201706401 Report a problem
        2/17/2017Listed for sale$114,900$27/sqft
        Source: RE/MAX Excellence #201706401 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Downtown

        Getting around

        84 / 100
        Very Walkable
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Beardsley
        • Middle: North Side
        • High: Elkhart
        • District: Elkhart Community Schools

        Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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