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Listed by Allyson Brooks • Mark Dietel Realty, LLC
$1,390,000
Est. payment /mo
15,240 SqFt
Active
5056 Milton ST Coatesville, IN 46121
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 15,240 sqft
Price per Sqft $91
MLS Listing ID 22103621
Tax Year 2025
Lot Size 1.520 Acres
Acres 1.52
Property Sub-Type Business
Property Description
Rare opportunity to acquire The Barn at Coatesville, an established event venue business combined with a versatile commercial real estate asset offering multiple income-producing and redevelopment opportunities. The property features an approximately 8,236-square-foot main barn currently operating as an established wedding and special-event venue. The facility offers indoor and outdoor event capabilities and has established recognition within the local market. The venue includes valuable site improvements and outbuildings, including an outdoor bar, groomsmen clubhouse, gazebo, and hardscaped event areas, providing functionality for weddings, private events, corporate gatherings, and other special occasions. Adding to the property's versatility is approximately 5,820 square feet of brick commercial space across three brick commercial buildings fronting Milton Street. These buildings provide opportunities for an owner-user or investor to expand the existing business or introduce complementary revenue-generating uses. Potential uses may include catering or food-service operations, additional event or private dining space, retail, office, or additional year-round event facilities, subject to zoning, permitting, and applicable approvals. The property's configuration may allow multiple revenue-producing uses to operate concurrently, creating an opportunity to diversify income and increase utilization of the existing improvements. A 1,500-square-foot second-floor apartment is also included and is currently leased through August 2027, providing an additional established income stream. The Barn at Coatesville offers a unique combination of an operating event venue, commercial space, residential income, and potential for future expansion or repositioning.The property may be well suited for an owner-user, investor, event venue operator, hospitality operator, or business owner seeking an established commercial property with multiple avenues for income and future growth.
Location
State IN
County Hendricks
Zoning Commercial General
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
View Y/N false
Building
New Construction false
Schools
Middle Schools Cascade Middle School
School District Mill Creek Community Sch Corp
Others
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