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Property profile & analytics
OFF-MARKET
Theaters & concert halls

3549 Arba Pike Union City, IN 47390-8526

3,056 SF 0.3 ac lot Built 1880
Individually Owned 2-yr Hold Free & Clear
Property ID
US31-1269165
Property summary
AI-generated overview

This unique mixed-use property, located at 3549 S Arba Pike in Union City, Indiana, presents a remarkable investment opportunity. Built in 1880, this 3,056 square foot building boasts a rich history and versatile layout. The property was formerly used as a church and includes a large gathering room, ideal for various uses. A fully equipped commercial kitchen featuring two sinks is ready for immediate use. Two bathrooms add to the convenience. The building retains much of its original charm, including the original bell, still in place. Ample parking is available on the property's dedicated lot. Modern conveniences include central air conditioning. Priced at $134,900 ($44.14 per square foot), this property offers exceptional value. Its adaptable space makes it suitable for a variety of uses, from a charming cottage home to a thriving home-based business, or even a continuation of its previous uses. The possibilities are truly endless. This is a rare chance to own a piece of Union City history and capitalize on its significant potential. The property is situated in Randolph County, Indiana, zip code 47390.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1880
Construction WOOD
Total area 3,056 SF
Lot 0.3 ac (13,068 SF)
APN 68-11-27-400-041.000-018
UPID US31-1269165
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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Owner & transaction history
Dennis Keith French · 2 yrs held
Dennis Keith French
since 2023
Last sale
$9,500
6 recorded transactions
2026
Price N/A
2025
Price N/A
2023
Price N/A
2023
$9,500
2022
$39,900
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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