Building Details

Additional Structures Storage

Listing Agency: CROSSROADS REAL ESTATE GROUP LLC Show Phone

Listed By: Tipton Davis · License #RB23001701 Show Phone

Added: Jun 22 Changed: Sep 17 Last Checked: Sep 18 at 11:06AM

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MLS# 109717

Copyright © 2026 Terre Haute Area 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.

Investment Insights

Based on property information with market context.

This mixed-use building combines three street-level retail or commercial suites with two residential units above. Two of the commercial suites are occupied, while the remaining suite can support a new tenant or owner-user. The apartments include a leased three-bedroom, two-bath residence and a leased one-bedroom, one-bath unit.

Nearly 4,000 square feet of unfinished space occupies the upper level and is partially positioned for conversion into additional apartments. The property sits at 16-18-20 W Washington Street in Sullivan, near the courthouse square, and includes off-street parking. Interior features include display windows, storage, living space, handicap access, and a handicap restroom. Building systems include natural gas forced-air heat and central air conditioning.

Key Highlights

• Three street‑level retail or commercial suites, with two currently occupied
• Two leased apartments: one 3‑bedroom, 2‑bath unit and one 1‑bedroom, 1‑bath unit
• Nearly 4,000 square feet of unfinished upper‑level space

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Parking Lot & Garage HVAC Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

341

Businesses Nearby

Explore this area Business Placement

Demographics for 47882, IN

8,487

Population

4,017

Households

2.1

Avg Household Size

42

Median Age

18%

College-Educated

95%

High-School Grad

141.8 sq mi

ZIP Area

60

Density / Sq Mi

$53,522

Median Household Income

$34,916

Median Earnings

$846

Median Rent

$142,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Downtown building with retail suites, leased apartments, unfinished upper-level space, and off-street parking.

Where is this mixed-use property located?

The property is located at 16-18-20 W Washington Street Sullivan, IN.

What is the asking price?

The asking price for this property is $280,000.

What are key features of this property?

This property features: Three street‑level retail or commercial suites, with two currently occupied; Two leased apartments: one 3‑bedroom, 2‑bath unit and one 1‑bedroom, 1‑bath unit; Nearly 4,000 square feet of unfinished upper‑level space