$649,000

301 S 5th Street, Goshen IN, 46528

Price per sqft$47.53

Built in1927

Property size13,654 sqft

Property typeCommercial

Overview

Active

Updated 12 days ago

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.

Additional information

MLS^® ID: 202634765

Interior Features

Bathrooms: 4
Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.26 Acres

Other Property Details

Taxes: $19,390
Tax Frequency: Annually

Listings courtesy of Indiana Regional MLS as distributed by MLS GRID

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Data last updated 12:33 AM UTC, 9/28/2026

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