5056 Milton Street
$1,390,000
Active

5056 Milton Street

Coatesville, IN 46121
Browse more homes in Coatesville, IN
15,240
SqFt
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. Adding to the property's versatility is approximately 5,820 square feet of brick commercial space across three brick commercial 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.

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.

Adding to the property's versatility is approximately 5,820 square feet of brick commercial space across three brick commercial 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.

LISTING SNAPSHOT

Price$1,390,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)15,240 sqft
Lot Size1.52 Acres
Year Built0
MLS® Number22103621
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A

GENERAL

Acres1.52
Additional Property UseIndustrial
Property Sub TypeBusiness
SqFt Total15240
UtilitiesElectricity Connected
ZoningCommercial General

COMMUNITY

MLS Area3209 - Hendricks - Clay
School DistrictMill Creek Community Sch Corp
TownshipClay

SCHOOLS

School DistrictMill Creek Community Sch Corp
Middle SchoolCascade Middle School

PRICE & LISTING HISTORY

June 1, 2026Active

Listing courtesy of Mark Dietel Realty, LLC (allyson.brooks@markdietel.com)

Listing courtesy of Mark Dietel Realty, LLC (317) 209-5804



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-10-06 07:44 AM UTC. 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.

Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

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