Investor Opportunity – Prime Mixed-Use Potential! Exceptional value-add opportunity in the heart of Elkhart! This mixed-use property features a main-level commercial space—currently operating as a convenience store—which will be delivered vacant. All inventory, shelving, and refrigeration units will be removed prior to closing, allowing a flexible blank canvas for redevelopment into a restaurant, retail, office, or additional residential units. Upstairs, two fully leased apartments are already generating rental income, providing immediate cash flow for investors. Estimated monthly rental income: $750, with room for future increases. Whether you're looking to expand your rental portfolio, start a new business, or develop a mixed-use asset, this property offers strong potential for ROI.
Closed
$180,000
704 Bower St, Elkhart, IN 46514
2beds
4,256sqft
Triplex
Built in 1930
-- sqft lot
$-- Zestimate®
$--/sqft
$1,455 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 12:09pm
Listed by:
Kavita M Patel Cell:574-387-9959,
McKinnies Realty, LLC Elkhart
Bought with:
Kavita M Patel, RB22002108
McKinnies Realty, LLC Elkhart
Source: IRMLS,MLS#: 202523053

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
Features
- Storage, Laminate Counters
- Flooring: Mixed
- Basement: Full
Interior area
- Total structure area: 5,628
- Total interior livable area: 4,256 sqft
- Finished area above ground: 4,256
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,662 sqft
- Features: Level
Details
- Additional structures: None
- Parcel number: 200606294012.000012
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick
- Foundation: Basement
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: City
- Water: City
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Elkhart
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 18000
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.