Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    140 Pleasant Ave Marengo, IN 47140

    For Sale
    $85,000

    Versatile building, multiple uses, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 0.38-acre commercial property located at 140 E Pleasant Avenue in Marengo, Indiana, presents a unique investment opportunity. Previously serving as the Marengo Wesleyan Church, this substantial building offers a wealth of possibilities for a variety of commercial enterprises. The expansive layout includes a large sanctuary, perfect for large gatherings or adaptable to various commercial needs. Multiple classrooms and meeting rooms provide ample space for diverse functions, whether educational, administrative, or communal. The property also boasts multiple kitchen areas and restrooms, ensuring convenience and functionality. A significant feature is the large furnished basement, offering extensive storage capacity and an additional restroom. The building's historical significance within the Marengo community adds to its appeal and potential for attracting a wide range of businesses. The asking price is $85,000. This property's versatile design and substantial size make it an ideal location for a church group, daycare center, or other commercial ventures seeking a well-established and spacious building in a historic Indiana town. The ample parking and prominent location further enhance its attractiveness. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 140 Pleasant Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1948
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Building Supply Nail Salon Clothing Store Auto Repair Shop Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    Crawford
    State
    Indiana
    Longitude
    -86.34235
    Latitude
    38.36979

    Nearby Similar for Sale

    • $75,000

      Marengo Commercial Property with Charm

      Two-story commercial building in Marengo, Indiana, with flexible space.
      276 S Bradley St, Marengo, IN 47140
      View Details
    • $67,500
      0.45 Acres

      Historic Marengo Building - Huge Potential

      Massive workspace, 6000 sq ft, unique opportunity.
      292 Main St, Marengo, IN 47140
      View Details
    • Contact for pricing
      0.03 Acres

      Marengo Office Building Investment

      1,400 SF Office Building - Auction!
      Bradley St, Marengo, IN 47140
      View Details
    • $300,000
      1.14 Acres

      Prime Marengo Business Opportunity

      Restaurant, Axe Throwing, & More!
      2834 State Road 66, Marengo, IN 47140
      View Details
    • $50,000
      0.25 Acres

      Marengo Restaurant - Great Potential

      Prime location, versatile space, affordable price.
      152 Pleasant Ave, Marengo, IN 47170
      View Details
    • $219,500
      0.68 Acres

      Marengo Office Building Investment

      High-traffic location, multi-office building, leased spaces.
      111 Main St, Marengo, IN 47140
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Versatile building, multiple uses, great potential.
    Where is this commercial real estate located?
    The property is located at 140 Pleasant Ave Marengo, IN.
    What is the asking price?
    The asking price for this property is $85,000.
    (812) 200-2838
    Request Owner's contact information
    140 Pleasant Ave Marengo, IN 47140
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    140 Pleasant Ave
    Marengo, IN 47140
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    140 Pleasant Ave Marengo, IN 47140
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.