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Property profile & analytics
OFF-MARKET
Theaters & concert halls

2893 State Rd 57 Washington, IN 47501-7339

5,040 SF 5.32 ac lot Built 1988
Entity Owned Free & Clear
Property ID
US31-1569598
Property summary
AI-generated overview

This exceptional 5.31-acre commercial property at 2893 S State Road 57 in Washington, Indiana, presents a unique investment opportunity. The asking price is $400,000. The property boasts a substantial 5,040 square foot building, currently configured as a church, offering significant versatility. Its adaptable layout includes a large open area, perfect for various uses, complemented by multiple offices and six bathrooms. A partially finished walkout basement further enhances the space, featuring a kitchen area. The property's significant advantage lies in its prominent location along State Road 57, ensuring high visibility and accessibility. With its ample space and versatile design, this property is ideal for a wide range of commercial ventures. The 5.31-acre lot provides ample room for expansion or future development. The existing building's solid structure and functional layout offer immediate occupancy potential, minimizing upfront investment costs. This property represents a rare chance to acquire a well-located, sizable commercial property in a growing Indiana market. The zoning and permitted uses should be verified independently. Serious inquiries are encouraged.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1988
Construction WOOD
Total area 5,040 SF
Lot 5.32 ac (231,652 SF)
APN 14-13-09-400-019.000-016
UPID US31-1569598
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
GREATER VISION CHURCH WASHINGTON, INC
GREATER VISION CHURCH WASHINGTON, INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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