Incredible possibilities exist with this historic building in downtown Elwood. 3 levels of space to achieve almost any commercial interest. Main floor was last used as a coffee shop/bar which is still intact. Second level provides areas for storage or small offices. Upper level is a large open room with hardwood flooring and could be used for a multitude of different ideas. Come be a part of downtown Elwood's revival!
Commercial opportunity in the heart of downtown Elwood. This property offers an abundance of space and possibilities. Large storefront with ample room for a business, plus storage options galore. The upstairs of the building is a spacious 2 bedroom apartment or whatever the next owner decides. Nestled between thriving business in the Elwood's rapidly evolving and vibrant downtown area.
Looking for an affordable, turn-key commercial property with exceptional flexibility? This 1,728-square-foot commercial building in Elwood, Indiana offers a highly adaptable layout suitable for a wide range of business uses, including professional offices, retail, service-based businesses, cafes, bakeries, salons, barber shops, studios, or light food service. Its efficient footprint and flexible interior make it an excellent option for both owner-operators and investors seeking a versatile commercial asset. The building features an open, functional floor plan that allows for easy reconfiguration to match your business vision. Previously home to a successful neighborhood restaurant, the space benefits from existing infrastructure and utilities that can support multiple commercial uses, while also offering a clean slate for new branding, layout, or design concepts. The straightforward interior layout allows for cost-effective updates without the need for extensive structural changes. Located in a desirable end-cap position, the property offers strong visibility, prominent signage opportunities, easy customer access, and ample shared parking. Its placement within a well-traveled commercial area provides consistent daily exposure, enhancing brand presence and accessibility for customers, clients, or employees alike. An appraisal completed several years ago valued the property at $185,000, and it is now offered at $150,000, presenting buyers with built-in equity and a compelling entry point into commercial ownership. Whether you are launching a new venture, relocating an existing business, or adding a flexible commercial property to your portfolio, this offering delivers value, adaptability, and long-term potential.
Check out this great location for your next business! Located near the corner of SR 37 and 13, this property offers excellent road frontage and plenty of parking. It was completely remodeled in 2017 including the roof, siding, windows, electrical, plumbing, reverse osmosis, HVAC, and a tankless water heater. Whether you need office space or have always wanted to open a boutique, this place has the visibility and convenience to make your business shine. Don't let this opportunity pass you by!
High-Traffic Commercial Property Opportunity on State Road 28! Don't miss this outstanding opportunity to own 4.09 acres of prime, multi-purpose commercial property on heavily traveled State Road 28. With excellent visibility and access, this property is perfect for a variety of business ventures. Two buildings, Main Warehouse: Approximately 6,900 sq. ft. featuring two entry doors, an office area, loft, and abundant storage. Metal roof is 2 years old. Office Building: 1,200 sq. ft., fully heated and cooled, connected to city water and sewer, and currently occupied by a reliable HVAC company. This building also has a 2-year-old roof. Additional features include a large paved parking lot, offering flexible use options for your business needs. Billboard rights are included, providing a valuable opportunity for extra income. If you're searching for a high-traffic commercial property with tons of potential-this is it!
Discover a unique investment and development opportunity in the heart of Elwood, Indiana. Zoned R-2 Medium-High Density Residential and D2-N Commercial, this property offers exceptional flexibility for either immediate medical office use or future redevelopment. Currently built out as a fully operational medical office, this 11,421-square-foot, two-story facility features: Multiple private exam rooms, Spacious reception and waiting area, Administrative offices & consultation rooms, Nurse stations, storage, and restrooms, ADA-compliant entry and patient access, HVAC and utility systems designed for medical operations. Brand New Commercial Roof Resurfaced and striped parking lot with 54 spaces.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

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Elwood is located in Indiana. Elwood, Indiana has a population of 8,295. Elwood is less family-centric than the surrounding county with 20.63% of the households containing married families with children. The county average for households married with children is 25.19%.
The median household income in Elwood, Indiana is $46,709. The median household income for the surrounding county is $54,491 compared to the national median of $69,021. The median age of people living in Elwood is 40.6 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 17.9 degrees. The average rainfall is approximately 41.4 inches per year, with 20.6 inches of snow per year.