You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $265,000
Office Spaces

140 Pleasant Ave Marengo, IN 47140-4106

9,837 SF 0.85 ac lot Built 1949
Entity Owned Free & Clear
Property ID
US31-2432479
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1949
Construction WOOD
Total area 9,837 SF
Lot 0.85 ac (37,026 SF)
APN 13-08-06-300-399.000-007
UPID US31-2432479
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k
Owner & transaction history
GIVING, RECOVERY A CHANCE EVERYDAY, INC
GIVING, RECOVERY A CHANCE EVERYDAY, INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 140 Pleasant Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message