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223 Main St - First Presbyterian Elwood 4,461 SF Specialty Building Offered at $670,000 in Elwood, IN 46036



Investment Highlights
- Large lot 1.79 acres with extensive greenspace
- Central location and high visibility
- Favorable R2 zoning that allows for residential or continued religious use
- Ample parking with 61 spaces
Executive Summary
Positioned prominently along Main Street, this well-maintained church property at 223 Main Street presents a unique opportunity for an owner-user, investor, or congregation seeking a new home. Classic architectural charm and functional space, the property is well-suited for continued religious use or a variety of adaptive reuse opportunities.
The building offers 4461sf of interior space, and a welcoming sanctuary with [XX± seating capacity], high ceilings, and traditional design elements that create a warm and inviting atmosphere. Supporting areas include fellowship space, offices, classrooms, kitchen facilities, and additional multi-purpose rooms—ideal for community programming or administrative use.
Situated on a 1.79ac parcel, the property provides a balance of building footprint and usable outdoor space. On-site parking includes approximately 80 spaces, offering convenient access for congregants, staff, and visitors.
Zoned R2 (14 separate parcels), the property allows for continued religious use and may support a range of alternative uses such as community center, daycare, event venue, or potential redevelopment (subject to local approvals and zoning regulations).
Located in the core of downtown Elwood, the property benefits from strong visibility, easy accessibility, and proximity to local amenities. The surrounding area fosters a close-knit community environment, enhancing its appeal for both service-oriented and redevelopment-focused buyers.
The building offers 4461sf of interior space, and a welcoming sanctuary with [XX± seating capacity], high ceilings, and traditional design elements that create a warm and inviting atmosphere. Supporting areas include fellowship space, offices, classrooms, kitchen facilities, and additional multi-purpose rooms—ideal for community programming or administrative use.
Situated on a 1.79ac parcel, the property provides a balance of building footprint and usable outdoor space. On-site parking includes approximately 80 spaces, offering convenient access for congregants, staff, and visitors.
Zoned R2 (14 separate parcels), the property allows for continued religious use and may support a range of alternative uses such as community center, daycare, event venue, or potential redevelopment (subject to local approvals and zoning regulations).
Located in the core of downtown Elwood, the property benefits from strong visibility, easy accessibility, and proximity to local amenities. The surrounding area fosters a close-knit community environment, enhancing its appeal for both service-oriented and redevelopment-focused buyers.
Property Facts
| Price | $670,000 | Building Class | B |
| Price Per SF | $150.19 | Lot Size | 1.87 AC |
| Sale Type | Investment or Owner User | Building Size | 4,461 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Religious Facility | Year Built | 1992 |
| Zoning | R2 - Medium to High Density Residential | ||
| Price | $670,000 |
| Price Per SF | $150.19 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 1.87 AC |
| Building Size | 4,461 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Zoning | R2 - Medium to High Density Residential |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $138,300 | |
| Land Assessment | $60,300 | Total Assessment | $198,600 |
Property Taxes
Parcel Numbers
Land Assessment
$60,300
Improvements Assessment
$138,300
Total Assessment
$198,600
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223 Main St - First Presbyterian Elwood
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