2050 Winter Ave Indianapolis, IN 46218
- Theaters & concert halls
- 63,459 SF
- 1.11 lot acres
Current Use by Public Records
- Greater Love Temple / Church
Property Details for 2050 Winter Ave
- Year built
- 1938
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.11 lot acres
- Property size
- 63,459 SF
- Property type
- Theaters & concert halls
- APN
- 49-07-31-192-031.000-101
- APU
- 490731192031000101
Description
This exceptional property, located at 2050 Winter Ave, Indianapolis, IN 46218, presents a unique investment opportunity. Priced at $1,200,000, this substantial building, formerly a school, has served as a church for several years. The property boasts a generous amount of space, including numerous rooms and offices, offering significant potential for various uses. Its adaptable layout and ample square footage make it ideal for redevelopment projects. The building's solid construction and established location in Marion County provide a strong foundation for future endeavors. This is a chance to acquire a versatile property with significant potential for growth and return on investment. The property is classified as Special Purpose and is categorized as a Religious/Church building. Its prime location in Indianapolis offers easy access to major transportation routes and amenities. The building's history as a school and subsequent use as a church speaks to its enduring structural integrity and adaptability. This is a rare opportunity to acquire a large, well-located property with significant potential for a variety of uses. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $645,000
- 6.5%
- $650,000
- 7%
- $565,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $575,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $675,000
- Mixed-Use
- $560,000
- Hospitality
- $545,000
- Educational
- $535,000
- Residential Income
- $525,000
- Energy
- $530,000
- Income-Based Land
- $685,000
- Food Service
- $610,000
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1236
- Latitude
- 39.7958
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA