5015 Us Highway 41Terre Haute, IN 47802

Property Details for 5015 Us Highway 41

Year built

1994

Construction

WOOD

Lot size

1.29 AC

Property size (Sq ft)

12,180 SF

Property type

Medical offices

Property subtype

Medical centers

APN

84-09-09-476-017.000-004

APU

840909476017000004

Description

This exceptional 12,180 square foot retail property, situated on 1.29 acres of land at 5015 S US Hwy 41 in Terre Haute, Indiana, presents a unique investment opportunity. Built in 1994, this single-story building boasts a highly flexible layout, perfect for a variety of businesses. The property features a spacious showroom on the west side, ideal for product display, and an office area on the east side, suitable for administrative functions or potential rental income. The east side also includes an attractive entryway with a large sitting area. A warehouse with a loading dock at the rear of the building facilitates efficient logistics and inventory management. Upstairs, there's additional space for pallet rack storage, along with a separate office and break room. The property includes 30 parking spaces and is zoned for commercial use (APN: 84-09-09-476-017.000-004). Currently 100% occupied, this prime location offers high visibility to southbound traffic on US Hwy 41, ensuring strong customer exposure. The asking price is $850,000. This is a rare chance to acquire a well-established, versatile commercial property in a thriving location. Don't miss this opportunity to secure a valuable asset in a high-traffic area of Terre Haute.

• CAP approach

  CAP return

  Valuation

  6%

  $1,861,696

  6.5%

  $1,718,488

  7%

  $1,595,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,048,454

  Geo Method

  $1,048,454

• Alternative Use

  Use

  Valuation

  Residential

  $2,130,925

  Hospitality

  $1,951,916

  Educational

  $1,623,971

  Medical

  $1,679,822

  Retail

  $2,526,178

Location Insight

City

Terre Haute

County

Vigo

State

Indiana

Latitude

39.4063

Longitude

-87.4095

CBSA code

45460

CBSA name

TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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