301 S 5th Street

Goshen, IN

$649,000

301 S 5th Street, Goshen, IN 46528

Goshen, IN 46528

MLS# IRM202634765

Listed 22 days ago

0 Beds
4 Baths

About this home

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.

Property Details

Type
Commercial
Year Built
1927
Lot Size
0.256 acres
Listed
22 days ago
County
Elkhart County
Listing Office
eXp Realty, LLC

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$3,282/mo

Principal & interest
$3,282
Loan amount
$519,200

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Listed by eXp Realty, LLC. Contact Cell: 574-532-2522.

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IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of September 24, 2026 at 10:01 PM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information submitted to the MLS GRID as of September 24, 2026 at 10:01 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.