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Tim Haber

tim@teamhaber.com +1(260) 403-1940

Listed by Adam Pendl • eXp Realty, LLC • Cell: 574-532-2522

$ 649,000

Est. payment | -/mo

4 Baths

0.26 Acres Lot

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$ 649,000

Est. payment | -/mo

Save Virtual Tour

4 Baths

0.26 Acres Lot

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202634765

HOA Y/N No

Year Built 1927

Annual Tax Amount $19,390

Tax Year 2026

Lot Size 0.256 Acres

Acres 0.256

Lot Dimensions 136.5x82

Property Sub-Type Special Purpose

Property Description

Historic Grandeur, Incredible Space & Endless Possibilities! This truly unique property offers an exceptional opportunity for a commercial venture, entertainment destination, wedding venue, or one-of-a-kind redevelopment. Featuring incredible hardwood floors, grand theater space, grand ballroom areas, and multiple expansive rooms, the property offers tremendous space to get creative and develop multiple revenue-producing uses under one roof. Imagine multiple wedding and event venue spaces, private parties, live entertainment, theater productions, corporate events, receptions, or a destination entertainment concept. The City has approved the property under A-2 zoning for restaurant/bar use (some state approval required), creating additional potential for a restaurant, bar, banquet operation, or combination entertainment venue. The middle level is currently limited to 50 occupants. Architectural plans and preliminary work for the rear exit are complete and will be provided to the buyer; installation is estimated at $15,000–$20,000 and could increase capacity to approximately 340. The grand theater currently has a 177-person capacity with an existing fire escape, with potential for increased capacity by adding another exit. Basement capacity is approximately 340. Property features a newer roof with 15-year warranty, newer well-maintained boiler serviced by Bill's Heating, two 28,000 BTU window HVAC units serving the basement and middle level while the theater has air flow from basement. Whether envisioned as a wedding venue, multiple event spaces, entertainment complex, theater, restaurant/bar, banquet facility, or an extraordinary commercial/residential redevelopment, this property offers the size, character, hardwood floors, and flexibility to create something truly special.

Location

State IN

County Elkhart County

Rooms

Basement Finished

Interior

Heating Gas, Hot Water

Inclusions Building, Land

Fireplace N

Exterior

Parking Features Off Street, On Street

View Y/N true

Building

Sewer Public Sewer

Water City

New Construction No

Others

Pets Allowed No

Tax ID 20-11-09-454-012.000-015

Acceptable Financing IRM202634765

Listing Terms IRM202634765

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202634765

Nearby Locations

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Tim Haber

Broker-Associate Lic# RB14046378

tim@teamhaber.com

+1(260) 403-1940

8101 Coldwater Rd, Fort Wayne, IN 46825

301 S 5th ST Goshen, IN 46528

Tim Haber

Key Details

Location

Rooms

Interior

Exterior

Building

Others

301 S 5th ST