Multipurpose Building at Busy
218 Maple Avenue Terre Haute, IN 47804
For Sale
$995,000
SINGLE_FAMILY - Terre Haute, IN
Property Size5,000 SF
Lot Size0.52 Acres
Price / SF$199
Days on Market324
Property Features for 218 Maple Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-2
Interior features
Fixtures, Restroom(s), 220 Volts, Rec. Facility, Handicap Access, Handicap Restroom
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
84-06-09-452-015.000-002
Size
5,000 SF
Lot size
0.52 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
REMAX R.E.A.
(812) 235-4433
Listed By:
Charlie Goodwin · License #RB14039681
(812) 201-3139
Added: Sep 8, 2025
Changed: May 26
Last Checked: Jul 28 at 3:06PM
MLS# 107400
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 5000 SF multipurpose building is located at one of Terre Haute's busiest intersections and sits on 0.52 acres, with additional lots available. The property has been recently renovated and transformed into an event center. Features include a dining room with a fully functional attached kitchen and a game room. The remaining portion of the building is currently being utilized as a carpet and flooring sales business. The building has 14' walls in one section and 10' in the remainder. The zoning is C-2.
Key Highlights
- High‑traffic location at a busy intersection.
- 5000 SF multipurpose building on .52 acre.
- Recently renovated into an event center.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.8k | $21.96 |
| − Vacancy | −$4.3k | −$0.86 |
| EGI | $105.5k | $21.10 |
| − OpEx | −$31.7k | −$6.33 |
| NOI | $73.9k | $14.77 |
5,000 SF · lease $21.96/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$923.3K – $1.23M
NOI $73,862 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,652 @ 7.0% cap · market cap 25.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Renovated 5000 SF building on 0.52 acres for sale.
Where is this retail space located?
The property is located at 218 Maple Avenue Terre Haute, IN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High‑traffic location at a busy intersection.; 5000 SF multipurpose building on .52 acre.; Recently renovated into an event center.
