First Presbyterian Elwood
223 Main St, Elwood, IN 46036
Key features
- 4,461 SF building
- Adaptive Reuse Opportunity – Existing layout (sanctuary, meeting rooms, offices) lends itself well to conversion into multifamily, senior housing, community center, or mixed-use concept.
- Ample Parking 61 on-site parking spaces provide a significant advantage over typical properties of this size, supporting high-traffic uses and future redevelopment flexibility.
- Central Location / Visibility – Main Street frontage offers strong visibility and accessibility within the Elwood community.
- Favorable Zoning (R2) allowing for potential residential or community-based reuse creating multiple exit strategies.
- Limited Comparable Inventory – Unique asset type with substantial parking and central location creates scarcity value in the local market
- Strong Value-Add Play – Opportunity to reposition or renovate the asset to increase value, especially given its size and parking capacity relative to market.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Indiana Realty
Building Details
- For Sale $670,000
- Property Type Other - Special Purpose
- Property Size 4,461 SF
- Lot Size 1.79 Acre
- Parking Spaces Avail. 64
- Parking Ratio 14.34 / 1,000 SF
- Year Built 1992
- Date Updated May 26, 2026
Attachments
Getting Around
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Walk Score ®
Car-Dependent (22) -
Bike Score ®
Somewhat Bikeable (36)
Location
- City Elwood, IN
- Zip Code 46036
- Market Indianapolis
Points of Interest
Speedway
1.44 miles
McClure Oil
2.52 miles
Casey's General Store
9.20 miles
Mobil
9.74 miles
Bonges Tavern
9.18 miles
The Shack
9.46 miles
South Pole
9.63 miles
Pizza King
9.67 miles
Subway
9.67 miles
Faye's Northside Cafe
9.70 miles
Jim Dandy
9.77 miles
McDonald's
9.87 miles
Harvest Market
6.26 miles
Needler Fresh Market
8.96 miles
Horton's Home & Garden
9.68 miles
Horner's Midtown Market
9.72 miles
Harvest Supermarket
9.81 miles
Pipe Creek Station 2
5.68 miles
CVS Pharmacy
9.19 miles
Tipton Fire Station
9.51 miles
Tipton Public Safety Building
9.52 miles
Alexandria Fire Department
9.74 miles
Indiana University Health Tipton Hospital
9.74 miles
Alexandria Police Department
9.83 miles
223 Main St Listing Summary
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What is the asking price at First Presbyterian Elwood?
First Presbyterian Elwood is currently listed for sale at Contact for pricing.
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What is the total size of First Presbyterian Elwood?
First Presbyterian Elwood has a total of 4,461 square feet.
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What is the year built for First Presbyterian Elwood?
The year built for First Presbyterian Elwood is 1992.
Indiana Realty