c.1869 Indiana Former Church $109K

OHU50K Notes $109,900

c.1869 Indiana Former Church. If you are looking for a unique investment opportunity, look no further! This former church for sale would make for a great multi-family property. Come with a vision and creativity and get to work. The location couldn’t be any better. Walk to Foster Park, Wildcat Creek, dining and more.

Exterior featured at 311 W Walnut St, Kokomo, IN, 46901

Realtor Comments

Awesome investment opportunity in the heart of downtown Kokomo! This unique property offers over 5,000 total square feet with nearly 3,400 finished square feet, providing endless possibilities for investors, entrepreneurs, or those looking for a large-scale renovation project. The expansive layout offers a true blank canvas and could be transformed into a quadplex, multi-family investment, commercial space, or a combination of uses (subject to zoning approval). Located within walking distance to downtown amenities, restaurants, shopping, and entertainment, this property offers the perfect opportunity to bring your vision to life. A rare chance to own a large downtown property with incredible potential and value-add opportunity. Property is being sold as-is. Personal Property to convey.

4 bed
2 bath
Build date 1875

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

311 W Walnut St, Kokomo, IN 46901 $109,000

Contact Realtor: Graham Roe
Google Maps
Niche

History

The former Calvary Baptist Church was built in 1869. It appears a Charles Miller purchased the property in 1988.

Pros

Affordable housing: Home prices are generally below the national average and often lower than those in the Indianapolis metro area.
Solid manufacturing base: Kokomo remains an important manufacturing hub, particularly in the automotive industry. Major employers include Stellantis and Haynes International, along with healthcare and education employers.
Growing battery and EV investment: Recent investments in electric vehicle battery manufacturing have brought new jobs and economic development to the area.
Convenient location: Indianapolis is close enough for major shopping, professional sports, concerts, and an international airport, while day trips to Lafayette and Fort Wayne are also practical.
Parks and trails: Residents enjoy amenities such as Highland Park, local walking trails, sports facilities, and community events.
Low traffic: Most commutes within the city are short and straightforward.
Family amenities: The city offers libraries, youth sports, community festivals, and a variety of local services.

Cons

Economy tied to manufacturing: Although the economy is becoming more diverse, employment is still significantly influenced by the automotive sector, which can be cyclical.
Cold winters and humid summers: Expect four distinct seasons, including snow in winter and hot, humid weather in summer.
Limited nightlife: There are local restaurants, breweries, and entertainment venues, but many residents travel to Indianapolis for a broader selection.
Car-dependent: Public transportation exists but is limited, so most residents rely on personal vehicles.
Older housing stock: Many neighborhoods have homes built decades ago, which can mean higher maintenance costs.
Fewer specialized careers: Opportunities in industries such as technology, media, or finance are more limited than in larger metropolitan areas.