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(SOLD) $199,000

112 S 2nd Street Elkhart, IN  46516

Property Description for 112 S 2nd Street Elkhart, IN 46516

Commercial Real Estate Auction Online Only. Listing price is minimum bid and does not constitute an offer. Possible TIF. City/State Incentives possibly available. 13,860 square feet and three levels, this historic Masonic Temple, located in the heart of Elkhart, IN, offers a unique and versatile space for a variety of events. Property includes a cafeteria and a grand ballroom, making it an ideal venue for weddings, receptions, corporate events, and more. The building is situated in the bustling Downtown Elkhart submarket, providing easy access to local amenities and transportation. Property is in need of repair, but City will give time to a buyer that shows some progress. Some tuckpointing and chimney repair are needed. Elevator is not functioning. The property is set on a 0.16-acre lot and is zoned for a variety of commercial uses. Opportunity for a savvy investor to obtain A LOT of square footage in a prime location. Property is in a historic district. With its rich history and architectural charm, this venue is a standout location in the South Bend/Mishawaka market area. Property is sold as is, where is. Please do due diligence prior to bidding. Cash only

Address:112 S 2nd Street Elkhart IN 46516
Status:Sold
Sold On: 9/30/2024
Price:$199,000
Bathrooms:0
Year Built:1910
Lot Size:0.15
County: Elkhart County
Township: Elkhart
MLS #:202432794
Property Type:Other/Unknown

Lot Dimensions:46 x 144 average dimension IRR
Directions:Jackson Blvd to 2nd St. Property on east
Basement:Yes

Loan Price
$1,999
Price And Interest $1,038/month
Property Tax $878/month
MTG INS $0/month
HOME INS $83/month
Price
$199,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$878/month
Home Owner Insurance
$996 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
3rd Bedroom 3 x 3 Info Not Available
Den 1 x 13860 Info Not Available

Semi-Annual Property Tax:$5,265
Tax Year:2023
Mandatory HOA Fee:$

City:Elkhart
Subdivision: None
Zip Code:46516

Listing provided courtesy of Justin Berggren with Homes & Specialty

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Elkhart Market Report

152
Avg. DOM
$157.15
Avg. $ / Sq.Ft.
$ 249,900
Med. List Price

The house prices in Elkhart are not dropping at the moment. There has been a increase in price of $23,122.58. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Elkhart are going Up. The average house price is $250,000.00 and the average price per square feet is $157.74 per square feet. At the moment, the amount of homes listed is exactly 840 houses, with 243 with active status, 73 with pending status and 524 sold in Elkhart .

The most popular place to buy a home in Elkhart is 2001 - Elkhart - Cleveland. 2001 - Elkhart - Cleveland is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Elkhart .

The average amount of property taxes you would have to pay for a home in Elkhart is $2,458.18. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Elkhart are staying listed for an average of 60 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Elkhart was 197 minutes ago.

At the moment we have 4 open houses that you can visit.

The cost of the most expensive home in Elkhart is $2,995,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Elkhart is $1,400.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Elkhart in year 1870 and the newest built house is in year 2024.

The average size of properties in Elkhart is 2088.09 sq.ft. , the biggest one being 11953 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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