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    Property profile & analytics

    227 Main St Warren, IN 46792

    • Theaters & concert halls
    • 10,258 SF
    • 0.25 lot acres
    For Sale
    View listing
    $189,000
    Value Estimation
    Last Sale
    Jun 12, 2024
    $112,000
    Location Intelligence
    Property ID
    US31-1810873
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Theaters & concert halls

    Property Details for 227 Main St

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    10,258 SF
    Property type
    Theaters & concert halls
    APN
    35-12-20-300-079.500-017
    APU
    351220300079500017

    Description

    This stunning 1900-built church, located at 227 N Main Street in the heart of downtown Warren, Indiana, presents a rare opportunity for redevelopment. The property boasts 5129 square feet of space situated on a 0.25-acre lot. Its rich history and architectural details offer a unique blend of charm and modern potential. Currently configured as a place of worship, the building's versatile layout lends itself to a variety of adaptive reuse options. Imagine transforming this space into a vibrant performing arts center, a captivating event venue, a welcoming community center, or even a striking residential conversion. The prime downtown location ensures high visibility and accessibility, making it an ideal investment for entrepreneurs and developers alike. The property's substantial size and central location offer significant advantages for any future use. This is a chance to acquire a piece of Warren, Indiana's heritage and shape its future. The possibilities are truly endless for this exceptional property. The asking price is $189,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $130,000
      6.5%
      $120,000
      7%
      $130,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $130,000
      Geo Method
      $135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $135,000
      Retail
      $110,000
      Mixed-Use
      $135,000
      Hospitality
      $115,000
      Educational
      $110,000
      Residential Income
      $135,000
      Energy
      $130,000
      Income-Based Land
      $130,000
      Food Service
      $105,000

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Huntington
    State
    Indiana
    Longitude
    -85.4258
    Latitude
    40.6832
    CBSA code
    26540
    CBSA name
    HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $12,600
    $183,700
    $196,300
    -
    $12,600
    $183,700
    $196,300

    Comparable in this City

    • Value Estimation
      $60,000
      2,016 SF

      225 6th St

      THEATER (MOVIE) • 2,016 SF
      225 6th St, Warren, IN 46792
      View Details
    • Value Estimation by Request
      7.75 Acres

      93 Wall Rd

      VACANT COMMERCIAL LAND • 7.75 Acres
      93 Wall Rd, Warren, IN 46792-0309
      View Details
    • Value Estimation by Request
      0.84 Acres

      I 69

      VACANT COMMERCIAL LAND • 0.84 Acres
      I 69, Warren, IN 46792
      View Details
    • Value Estimation by Request
      0.20 Acres

      1st St

      CHARITABLE ORGANIZATION • 0.20 Acres
      1st St, Warren, IN 46792
      View Details
    • Value Estimation by Request
      0.31 Acres

      5843 600th 90th S

      COMMERCIAL (GENERAL) • 0.31 Acres
      5843 600th 90th S, Warren, IN 46792
      View Details
    • Value Estimation by Request
      0.50 Acres

      600 600th Ww

      VACANT COMMERCIAL LAND • 0.50 Acres
      600 600th Ww, Warren, IN 46792
      View Details

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    227 Main St
    Warren, IN 46792
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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
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