727 Ohio St Terre Haute, IN 47807
- Office Properties & Spaces
- 28,064 SF
- 0.30 lot acres
Current Use by Public Records
- Ancient And Accepted Scottish Rite Cathedral / Religious Institution
Property Details for 727 Ohio St
- Year built
- 1927
- Construction
- WOOD
- Lot size
- 0.30 lot acres
- Property size
- 28,064 SF
- Property type
- Office Properties & Spaces
- APN
- 84-06-22-355-005.000-002
- APU
- 840622355005000002
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Terre Haute
- County
- Vigo
- State
- Indiana
- Longitude
- -87.406
- Latitude
- 39.4651
- CBSA code
- 45460
- CBSA name
- TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA
