522 Main StVincennes, IN 47591

  • Commercial real estate
  • 13,129 SF
For Sale
$145,000 View listing

Property Details for 522 Main St

Year built
1925
Construction
WOOD
Lot size
0.11 AC
Property size (Sq ft)
13,129 SF
Property type
Commercial real estate
APN
42-12-21-308-013.000-022
APU
421221308013000022

Description

This vacant, five-story storefront at 522 Main St., Vincennes, Indiana, presents a unique investment opportunity. Boasting 12,440 square feet, this 1925-built property is situated on a 0.11-acre lot (APN 42-12-21-308-013.000-022) in Knox County's thriving central business district. Zoned C-2, it's also located within a local Enterprise Zone. The building features high ceilings, exposed brick, and large display windows, offering significant character and potential for various retail uses. Interior amenities include three half baths, a full bath, and a kitchenette. The asking price is $145,000 ($11.66/sq ft). Its prime location ensures high visibility and accessibility, benefiting from substantial foot traffic. The upper floors offer additional space and a view. This historic property represents a rare chance to acquire a substantial retail space in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,446,462
    Hospitality
    $2,240,946
    Educational
    $1,864,441
    Medical
    $1,928,562
    Retail
    $2,900,241

Location Insight

City
Vincennes
County
Knox
State
Indiana
Latitude
38.6772
Longitude
-87.5294
CBSA code
47180
CBSA name
VINCENNES, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,602
$11,400
$118,500
$129,900
-
$11,400
$118,500
$129,900

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