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    116 Main Street Rd Vincennes, IN 47591

    New
    Pending
    For Sale
    $390,000

    Mixed Use - Vincennes, IN

    Type:Mixed Use
    Lot size:
    0.04 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 116 Main Street Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    42-12-21-201-038.000-022
    Interior features
    Other, Alley, Basement, Display Window(s)
    Exterior features
    Alley, Basement, Display Window(s)
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1885
    Floors in Building
    2
    Flooring type
    Tile, Tile - Ceramic, Vinyl, Wood
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    F.C. Tucker Emge REALTORS (812) 402-0200 [email protected]

    Listing agent Vanessa Purdom (812) 882-4444 License #RB14051198

    Listing date Dec 4, 2025

    MLS# 202531531 Listing URL

    Copyright © 2025 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Downtown Vincennes

    Located at 116 Main Street in Vincennes, Indiana, this mixed-use property offers potential in a vibrant location. Constructed in 1885 and updated, this property features the Graze restaurant and a high-performing Airbnb. The commercial space is known for its atmosphere and local following. The full commercial kitchen with modern equipment is move-in ready for restaurateurs or chefs looking for a turn key opportunity. A large dining area with stylish design and flexible layout is suitable for events or intimate dinners. The property is in close proximity to the GRC Memorial and Wabash River. The residential space has three bed areas and 2 full baths, and it is fully furnished. The large open areas feature soaring ceilings and natural light. Modern finishes accompany the preserved architectural character, making it ideal for owner-occupants, long-term tenants, or continued use as a successful Airbnb. The property benefits from a high foot traffic location in the heart of downtown Vincennes, offering investment potential or multiple income streams. The lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.532491
    Latitude
    38.680307

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    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use property with restaurant and residential space.
    Where is this mixed-use property located?
    The property is located at 116 Main Street Rd Vincennes, IN.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: - Mixed-use property featuring established restaurant and high-performing Airbnb.; - Move-in ready commercial kitchen with modern equipment.; - Spacious, fully furnished residential loft with 3 bed areas and 2 full baths.
    (812) 882-4444
    Request Owner's contact information
    116 Main Street Rd Vincennes, IN 47591
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    Vincennes, IN 47591
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Main Street Rd Vincennes, IN 47591
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