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Listed by Adam Pendl • eXp Realty, LLC • Cell: 574-532-2522
$ 649,000
Est. payment /mo
Active
301 S 5th ST Goshen, IN 46528
4 Baths
0.26 Acres Lot
UPDATED:
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
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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