Auction Information

Metzger Online Real Estate Auction!

Income producing historic building & leased apartments! 

Monday, September 15, 2025 • Bidding begins closing out at 6 pm

Property located at: 526 S. Main St., Elkhart, IN 46516

Open House: Wednesday, September 10th from 5:30 - 6 pm

This is a Joint Venture with Keller Williams Realty, Broker Julie Circle: 574-386-0055 

• 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

Don’t 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 a liquor license; 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 provides more income opportunities and access to the River Walk adds to the ambiance. Large commercial kitchen features new walkin 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' 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 which is currently $1,000 annually. Inventory and equipment are negotiable. The 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 the 2nd building have appliances. Each unit has a rooftop HVAC system and are individually metered for gas and electric. 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 located at the rear entrance.

Come see for yourself: Open House, Wed. September 10 from 5:30 – 6pm

Schedule Your Private Showing Today! Call/Text Julie Circle at 574.386.0055 or our office at 260.982.0238