FOR SALE

Retail-Commercial for Sale
Also listed as Special Purpose, Office
Catylist Listing ID: 29966763
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 10,822 SF
Gross Land Area: 0.25 Acres
Sale Price: $1,595,000
Unit Price: $147.38 PSF
Property Use Type: Vacant/Owner-User
Building Name: The Sanctuary
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/25/2017

Overview / Comments

Spectacular completely renovated 19th Century church located on the brick Main Street in Zionsville Village. Nancy Noel, internationally renowned artist and owner/occupant, restored this property using the finest materials. The property was home to the artist's gallery and a charming cafe. On weekends the property was extremely successful as a special events center hosting weddings, intimate concerts and other social events. The elegance and ambiance of this property is second to none. With 24' ceilings in the main gallery, 24' working gas fireplace, custom chandeliers, loft seating area with working gas fireplace, high-grade commercial kitchen, three way liquor license included, authentic antique hardware appointments throughout, Victorian wrap around porch, lower level with 9 1/2' ceilings in open space, private offices and plenty of storage, there are endless use possibilities.

New roof 2017 and currently undergoing exterior paint. Main picture shows completed paint.

Financials

Finance Data Year 2013
Real Estate Taxes - Annual($) $26,795 (Annual)
Tax Value Land $354,900
Tax Value Improvements $717,400
Assessed Value - Total($) $1,072,300 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $27,732 (Annual)
Tax Value Land $354,900
Tax Value Improvements $849,400
Assessed Value - Total($) $1,204,300 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $26,056 (Annual)
Tax Value Land $354,900
Tax Value Improvements $895,700
Assessed Value - Total($) $1,250,600 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $25,552 (Annual)
Tax Value Land $354,900
Tax Value Improvements $895,700
Assessed Value - Total($) $1,250,600 (Annual)

Additional Details

Nearest MSA: Indianapolis-Carmel
County: Boone
Tax ID/APN: 06-04-02-000-003.224-006
Zoning: VBD
Retail Clientele: General
Property Visibility: Excellent
Area Description: Located on the east side of the brick street in Zionsville Village in the southeastern portion of Boone County approximately 13 miles northwest of downtown Indianapolis. Zionsville has an active commercial district centered around the brick-paved Main Street. In addition to its visual charm, area demographics help explain the success and desirability of Zionsville. With a town population of approximately 25,000, Zionsville boasts lofty numbers with regard to income. The median household income is much higher than that of the state.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1900
Year Renovated: 2008
Roof Type: Arched
Construction/Siding: Wood Siding
Total Parking Spaces: 6
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Heat Source: Central
Zoning Description: VBD
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CROSSES 2ND ADD W PT LOT 2 & W & S PT LOT 5

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,436 40,805 99,037
Median Age: 42.72 39.07 37.13
Households: 2,397 14,764 38,399

Contact

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