Terre Haute Development
220 Maple Avenue Terre Haute, IN 47804
For Sale
$375,000
SINGLE_FAMILY - Terre Haute, IN
Property Size1,377 SF
Lot Size0.18 Acres
Price / SF$272.33
Days on Market324
Property Features for 220 Maple Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-2
Standard status
Active
APN
84-06-09-452-017.000-002
Size
1,377 SF
Lot size
0.18 Acres
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# 107399
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 property presents a development opportunity at one of the busiest intersections in Terre Haute. The existing building, which measures 1377 square feet, has accommodated various uses and is available for its next occupant. Situated on a 0.18-acre lot, the property is zoned C-2. Additional lots are available, offering the potential to expand the space for business purposes. The property is located in Terre Haute, Indiana.
Key Highlights
- High‑traffic location at a busy intersection.
- Development opportunity.
- Existing 1377 sf building offers a versatile space.
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 | $30.2k | $21.96 |
| − Vacancy | −$1.2k | −$0.86 |
| EGI | $29.1k | $21.10 |
| − OpEx | −$8.7k | −$6.33 |
| NOI | $20.3k | $14.77 |
1,377 SF · lease $21.96/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$290.6K
$254.3K – $339.0K
NOI $20,342 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$994.0K
$869.8K – $1.16M
NOI $69,580 @ 7.0% cap · market cap 18.55%
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 - Development opportunity at a busy Terre Haute intersection.
Where is this retail space located?
The property is located at 220 Maple Avenue Terre Haute, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: High‑traffic location at a busy intersection.; Development opportunity.; Existing 1377 sf building offers a versatile space.
