Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Rhine Hall’s most striking feature is its breathtaking stained glass, which fills the space with color and character. Combined with the building’s ori
  • Situated near downtown Kokomo, Rhine Hall benefits from easy access, nearby parking, and a well-established reputation as a trusted community gatherin
  • The open floor plan, multiple gathering areas, and guest-friendly flow make the property immediately usable for weddings, corporate events, fundraiser

Executive Summary

Rhine Hall is a fully operational event venue offering 11,400 SF of historic character and flexible use. Currently hosts weddings, private events, fundraisers, and community gatherings with strong local recognition and steady rental demand. Open floor plan, high ceilings, updated systems, and multiple layout options make it ideal for an owner-user or investor seeking a turnkey hospitality or arts-focused property. Also well-suited for adaptive reuse, including creative studios, community arts center, or mixed-use cultural space. Located near downtown Kokomo with convenient parking and strong visibility.

Property Facts

Price $726,942 CAD
Price Per SF $63.77 CAD
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
  • Lease Option
Property Type
Specialty
  • Specialty Religious Facility
  • Specialty Schools
Lot Size 0.36 AC
Building Size 11,400 SF
No. Stories 3
Year Built/Renovated 1932/2023
Parking Ratio 2.19/1,000 SF
Opportunity Zone Yes
Zoning Commercial - Part of Riverfront District

Amenities

  • Smoke Detector
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
34-03-36-228-015.000-002
Land Assessment
$84,999 CAD
Improvements Assessment
$562,844 CAD
Total Assessment
$647,843 CAD
  • Listing ID: 40299296

  • Date on Market: 2026-04-26

  • Last Updated:

  • Address: 507 N Union St, Kokomo, IN 46901

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}