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5056 Milton Street

Coatesville, IN 46121

ActiveListed Jun 1, 2026 · 134 days on market

Key facts

Living area
15,240 sqft
Lot
1.52 acres
Type
Commercial Sale · Business
MLS #
22103621
County
Hendricks
Total building area
15,240 sqft

About this home

Opportunity to acquire an established wedding event venue business combined with a versatile commercial real estate asset. The property features an approximately 8,236-square-foot main barn currently operating as an established wedding and special-event venue. The facility offers indoor and outdoor event capabilities and has established recognition within the local market. The venue includes valuable site improvements and outbuildings, including an outdoor bar, groomsmen clubhouse, gazebo, and hardscaped event areas, providing functionality for weddings, private events, corporate gatherings, and other special occasions. Price includes business and all personal property of the business. Adding to the property's versatility is approximately 5,820 square feet of brick commercial space across three brick buildings fronting Milton Street. These buildings provide opportunities for an owner-user or investor to expand the existing business or introduce complementary revenue-generating uses. Potential uses may include catering or food-service operations, additional event or private dining space, retail, office, or additional year-round event facilities, subject to zoning, permitting, and applicable approvals. The property's configuration may allow multiple revenue-producing uses to operate concurrently, creating an opportunity to diversify income and increase utilization of the existing improvements. A 1,500-square-foot second-floor apartment is also included and is currently leased through August 2027, providing an additional established income stream. The Barn at Coatesville offers a unique combination of an operating event venue, commercial space, residential income, and potential for future expansion or repositioning. The property may be well suited for an owner-user, investor, event venue operator, hospitality operator, or business owner seeking an established commercial property with multiple avenues for income and future growth.

Description provided by the listing brokerage.

Systems

Utilities
Electricity Connected

Lot and HOA

Zoning
Commercial General

Schools

Middle school
Cascade Middle School
School district
Mill Creek Community Sch Corp

Taxes

Estimated annual tax
$3,888 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$7,602per month, estimated
Principal and interest $6,805Property tax $324Insurance $473
20% · $270,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,350,000
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