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727 Ohio St 32,000 sq ft Leisure Building Offered at £299,064 in Terre Haute, IN 47807
INVESTMENT HIGHLIGHTS
- Great location in DT Terre Haute – Near Indiana State & just 2 blocks from the Hulman Center
- The building has a beautiful, historic nature, and it’s on the National Historic Registry. However, there are no historical restrictions.
- With two parking garages less than 2 blocks away and two other garages being constructed nearby, there’s more than ample parking when needed
- Only 1 block from the new, 41,000 sq. ft. convention center (opened April 2022) & near many other new developments in the area
- Great potential to be used As-Is, or take advantage of the existing structure with an Adaptive Reuse
EXECUTIVE SUMMARY
Known as the Hippodrome, this 28,000 sq. ft. property offers great opportunity to be used as-is or to take advantage of the existing structure with Adaptive Reuse. Located downtown Terre Haute, it's just one block from the new convention center (opened April 2022), two blocks from the Hulman Center, and near Indiana State University.
The theatre was designed by John Eberson in the German Renaissance style featuring symmetrical towers, terra cotta medallions & brackets, and more. It was his third theatre and prior to his "atmospheric" designs. The Hippodrome was first used as a vaudeville theatre, then a motion picture house, and later a community theatre before being purchased by the Scottish Rite Freemasons in the 1950's where it had since been used for their ceremonies and private performances.
This beautiful building provides great opportunity in a continuously developing area.
*Additional drawings and documentation available upon request.
The theatre was designed by John Eberson in the German Renaissance style featuring symmetrical towers, terra cotta medallions & brackets, and more. It was his third theatre and prior to his "atmospheric" designs. The Hippodrome was first used as a vaudeville theatre, then a motion picture house, and later a community theatre before being purchased by the Scottish Rite Freemasons in the 1950's where it had since been used for their ceremonies and private performances.
This beautiful building provides great opportunity in a continuously developing area.
*Additional drawings and documentation available upon request.
PROPERTY FACTS
| Price | £299,064 | Total Plot Size | 0.37 ac |
| Price per sq ft | £9.35 | Property Size | 32,000 sq ft |
| Sale Type | Owner Occupier | No. Floors | 2 |
| Property Type | Leisure | Year Built | 1915 |
| Property Subtype | Theatre / Concert Hall | Parking Allocation | 0.41/1,000 sq ft |
| Costar Property Class | B | Opportunity Zone |
Yes
|
| Use Class | 499- Commercial - COMMERCIAL OTHER STRUCTURE | ||
| Price | £299,064 |
| Price per sq ft | £9.35 |
| Sale Type | Owner Occupier |
| Property Type | Leisure |
| Property Subtype | Theatre / Concert Hall |
| Costar Property Class | B |
| Total Plot Size | 0.37 ac |
| Property Size | 32,000 sq ft |
| No. Floors | 2 |
| Year Built | 1915 |
| Parking Allocation | 0.41/1,000 sq ft |
| Opportunity Zone |
Yes |
| Use Class | 499- Commercial - COMMERCIAL OTHER STRUCTURE |
AMENITIES
- Air Conditioning
Walk Score®
Easily Walkable (85)
Bike Score®
Good for cycling (70)
PROPERTY TAXES
| Parcel Number | 84-06-22-355-005.000-002 | Improvements Assessment | £66,317 |
| Land Assessment | £11,215 | Total Assessment | £77,532 |
PROPERTY TAXES
Parcel Number
84-06-22-355-005.000-002
Land Assessment
£11,215
Improvements Assessment
£66,317
Total Assessment
£77,532
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727 Ohio St
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