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727 Ohio St

32,000 SF Sports & Entertainment Building Offered at $574,580 CAD 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.

Property Facts

Price $574,580 CAD
Price Per SF $18 CAD
Sale Type Owner User
Property Type Sports & Entertainment
Property Subtype Theater/Concert Hall
Building Class B
Lot Size 0.37 AC
Building Size 32,000 SF
No. Stories 2
Year Built 1915
Parking Ratio 0.41/1,000 SF
Opportunity Zone Yes

Amenities

  • Air Conditioning
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
84-06-22-355-005.000-002
Land Assessment
$21,613 CAD
Improvements Assessment
$125,214 CAD
Total Assessment
$146,828 CAD

zoning

Zoning Code 499- Commercial (COMMERCIAL OTHER STRUCTURE)
499- Commercial (COMMERCIAL OTHER STRUCTURE)
  • Listing ID: 23601546

  • Date on Market: 2021-07-06

  • Last Updated:

  • Address: 727 Ohio St, Terre Haute, IN 47807

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