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    727 Ohio St Terre Haute, IN 47807

    Sponsored
    For Sale
    $400,000

    1,400-seat theatre, vacant, adaptive reuse potential.

    Property size:
    28,064 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 28,064-square-foot special purpose property, located at 727 Ohio St, Terre Haute, IN 47807, presents a unique investment opportunity. The Hippodrome Theatre, a beautifully preserved 1,400-seat venue built in 1927, is listed on the National Register of Historic Places, though currently without any restrictive covenants. This two-story building sits on a 0.3-acre lot and boasts 13 parking spaces, a significant advantage given its proximity to the Convention Center (one block) and Hulman Center (two blocks). The property's vacant status allows for immediate occupancy and offers exciting possibilities for adaptive reuse, capitalizing on its prime location near Indiana State University. The asking price is $400,000, translating to $14.25 per square foot. The property features a single unit with 28,064 square feet of net rentable space, zoned for commercial use (499-Commercial). While lacking loading docks or dock-high doors, its central location and historical significance make it an attractive proposition for a variety of commercial ventures. The abundant parking options within two blocks further enhance its appeal. APN: 84-06-22-355-005.000-002.

    Property Features for 727 Ohio St

    General Information

    Property type
    Specialty properties
    Square Feet
    28,064 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1927
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $400,000 asking price for this vacant, 28,064 square foot special purpose property.
    • Located at 727 Ohio St, Terre Haute, IN 47807, this property features 13 parking spaces.
    • The 1‑unit, two‑story building sits on a 0.3‑acre lot and was built in 1927.
    • Zoned Commercial (499), the property boasts a price per square foot of $14.25.
    • This former 1,400‑seat theatre is located one block from the Convention Center and two blocks from Hulman Center, near Indiana State University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ancient And Accepted Scottish ... Religious Institution

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.405723822507
    Latitude
    39.465459543307

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    FAQs

    What type of property is this?
    Specialty property - 1,400-seat theatre, vacant, adaptive reuse potential.
    Where is this specialty property located?
    The property is located at 727 Ohio St Terre Haute, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price for this vacant, 28,064 square foot special purpose property.; Located at 727 Ohio St, Terre Haute, IN 47807, this property features 13 parking spaces.; The 1-unit, two-story building sits on a 0.3-acre lot and was built in 1927.
    (317) 844-2700
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    727 Ohio St Terre Haute, IN 47807
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    Terre Haute, IN 47807
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    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

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    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
    727 Ohio St Terre Haute, IN 47807
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