140 Pleasant Ave Marengo, IN 47140-4106
This exceptional 0.38-acre commercial property located at 140 E Pleasant Avenue in Marengo, Indiana, presents a unique investment opportunity. Previously serving as the Marengo Wesleyan Church, this substantial building offers a wealth of possibilities for a variety of commercial enterprises. The expansive layout includes a large sanctuary, perfect for large gatherings or adaptable to various commercial needs. Multiple classrooms and meeting rooms provide ample space for diverse functions, whether educational, administrative, or communal. The property also boasts multiple kitchen areas and restrooms, ensuring convenience and functionality. A significant feature is the large furnished basement, offering extensive storage capacity and an additional restroom. The building's historical significance within the Marengo community adds to its appeal and potential for attracting a wide range of businesses. The asking price is $85,000. This property's versatile design and substantial size make it an ideal location for a church group, daycare center, or other commercial ventures seeking a well-established and spacious building in a historic Indiana town. The ample parking and prominent location further enhance its attractiveness. Serious inquiries are encouraged to explore the full potential of this remarkable property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.