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Improved Commercial Land for Sale in Coatesville, Indiana

5056 Milton St, Coatesville, IN 46121

$1,350,000
1.52 acres
Active sale
$40k drop
Est $7,728/mo

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.

15,240
Sq feet

Location

Street address
5056 Milton St
Zip code
46121
Community
Hendricks - Clay
School district
Mill Creek Community SCH Corp
Elevation
876 feet
Coordinates
39.6872, -86.6708

Property details

Acreage
1.52 acres66,211 sq ft
Zoning
Commercial General
MLS #
MIBOR 22103621
Posted

Property taxes

2025
$3,888 - Ng Barn

Parcels

  • 321306231001000025

Nearby schools

NameTypeDistrict
Cascade Middle SchoolMiddleMill Creek Community SCH Corp

Listing history

DateEventPriceChangeSource
Oct 12, 2026Price drop$1,350,000$40,000 -2.9%MIBOR
June 2, 2026New listing$1,390,000—MIBOR
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This 1.52-acre property is located at 5056 Milton St in Coatesville, IN 46121. The property is available for sale, priced at $1,350,000. It has a 15,240 square foot structure.

Listed by Mark Dietel Realty, (317) 441-7887

Checked 2 hours agoUpdated

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