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Property profile & analytics
FOR SALE
Theaters & concert halls

227 North Main St Warren, IN 46792

10,258 SF 0.25 ac lot Built 1900
Entity Owned 2-yr Hold Free & Clear
Property ID
US31-1810873
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1900
Construction WOOD
Total area 10,258 SF
Lot 0.25 ac (11,088 SF)
APN 35-12-20-300-079.500-017
UPID US31-1810873
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
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Two Guys & Tools INC · 2 yrs held
Two Guys & Tools INC
since 2024
Last sale
$112,000
5 recorded transactions
2024
$112,000
2021
Price N/A
2016
Price N/A
2015
$10,000
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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