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    111 Walnut St Edinburgh, IN 46124

    Sponsored
    For Sale
    $800,000

    10,583 SF Event Venue - Value-Add Opportunity

    Property size:
    10,583 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning 10,583 square foot, three-story building located at 111 S Walnut St, Edinburgh, IN 46124, presents a unique value-add investment opportunity. Originally constructed in 1930, the historic Pixy Theater boasts a beautifully maintained brick exterior and interior structure, providing a remarkable canvas for redevelopment. The property is zoned LB and offers significant potential for a variety of uses, including a theater, event center, wedding venue, or retail space. Recent renovations include a new furnace, AC system, thermo-pane windows, flooring, lighting, wiring, walls, ceilings, fixtures, and doors. The building's prime location offers convenient access to I-65, Columbus, IN, and Indianapolis, ensuring high visibility and accessibility. Priced at $800,000 ($75.59/sq ft), this landmark property represents a compelling investment for those seeking a high-impact project with substantial upside potential. The property's rich history and versatile layout make it an ideal choice for creative entrepreneurs and investors alike. This is a rare chance to acquire a piece of Edinburgh's history and transform it into a thriving business venture.

    Property Features for 111 Walnut St

    General Information

    Property type
    Theaters & concert halls
    Square Feet
    10,583 SF

    Building Details

    Year Built
    1930
    Stories
    3

    HighLights

    • High‑efficiency HVAC system with new furnace and AC unit.
    • Excellent location with easy access to I‑65, Columbus, IN, and Indianapolis.
    Property Profile Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburgh
    County
    Johnson
    State
    Indiana
    Longitude
    -85.966590379983
    Latitude
    39.35334915553

    Nearby Comparable

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    Nearby Similar for Sale

    • $149,900
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    • $750,000
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      Historic Pixy Theater: Edinburgh, IN

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      111 Walnut St, Edinburgh, IN 46124
      View Details
    • $350,000
      8,153 SF

      Downtown Edinburgh Mixed-Use Gem

      Historic building, retail & apartment potential.
      111 Main Cross St, Edinburgh, IN 46124
      View Details
    • $400,000
      8,153 SF

      Downtown Edinburgh Mixed-Use Building

      Historic District, 8,153 SF, High ROI Potential
      111 Main Cross St, Edinburgh, IN 46124
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - 10,583 SF Event Venue - Value-Add Opportunity
    Where is this theater & concert hall located?
    The property is located at 111 Walnut St Edinburgh, IN.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: High-efficiency HVAC system with new furnace and AC unit.; Excellent location with easy access to I-65, Columbus, IN, and Indianapolis.;
    Request Owner's contact information
    111 Walnut St Edinburgh, IN 46124
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    Edinburgh, IN 46124
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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

    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
    111 Walnut St Edinburgh, IN 46124
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