Remodeled Wedding
For Sale
$200,000
2053 N FIRST Street, Jena, LA 71342
Commercial Sale, Jena, LA
Property Size1,825 SF
Lot Size0.62 Acres
Price / SF$109.59
Days on Market44
Property Features for 2053 N FIRST Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Standard status
Active
APN
112654
Size
1,825 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
URBAN: LOTS 6, 7, & 8 BLK. 2 OF NUGENT AND RANDLE ADD. TO THE TOWN OF JENA
Legal Description
URBAN: LOTS 6, 7, & 8 BLK. 2 OF NUGENT AND RANDLE ADD. TO THE TOWN OF JENA
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Listing Agency:
CENTURY 21 BUELOW-MILLER REALTY · Century 21 Real Estate
(318) 442-1381
Listed By:
DANA CHAPMAN · License #995701177
(318) 992-3026
Added: Sep 11
Changed: Oct 23
Last Checked: Oct 24 at 5:06AM
MLS# 2576811
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,825-square-foot commercial property on a 0.6166-acre parcel was built in 1965 and remodeled in 2023. Improvements included a replacement roof, plumbing and electrical updates, new flooring, central HVAC, a water heater, and an updated full bathroom. The property previously operated as an event venue for weddings, celebrations, family gatherings, and faith-based events.
Zoned Comm, the property has public water and public sewer, with natural gas available. Its prior event use and documented updates provide a factual basis for considering continued event operations or other commercial uses.
Zoned Comm, the property has public water and public sewer, with natural gas available. Its prior event use and documented updates provide a factual basis for considering continued event operations or other commercial uses.
Key Highlights
- 1,825 square feet on 0.6166 acres
- Remodeled in 2023, including roof, plumbing, electrical, flooring, HVAC, water heater, and full bathroom updates
- Previously operated as an event venue for weddings, celebrations, family gatherings, and faith‑based events
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,068
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,360
$361.4K
Cap Rate 7%
$258,114
$258.1K
Cap Rate 9%
$200,756
$200.8K
Market Conditions
NOI Build-Up for 1,825 SF
Gross rent
$32.9K $18.00/SF
− Vacancy
−$3.9K −$2.16/SF
EGI
$28.9K $15.84/SF
− OpEx
−$10.8K −$5.94/SF
NOI
$18.1K $9.90/SF
Area
LaSalle, IL
La Salle County, LA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,360
Cap Rate 7%
$258,114
Cap Rate 9%
$200,756
Alternative Uses
Best Use
Mixed Use
$258.1K
$225.9K – $301.1K
NOI $18,068 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Explore this area
Business Placement
Demographics for 71342, LA
8,100
Population
3,556
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
51
Density / Sq Mi
$80,556
Median Household Income
$49,028
Median Earnings
$533
Median Rent
$154,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Wedding venue - Commercial zoning and an adaptable layout support event use and other business possibilities.
Where is this wedding venue located?
The property is located at 2053 N FIRST Street Jena, LA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,825 square feet on 0.6166 acres; Remodeled in 2023, including roof, plumbing, electrical, flooring, HVAC, water heater, and full bathroom updates; Previously operated as an event venue for weddings, celebrations, family gatherings, and faith‑based events
