Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2401 Durkees Ferry Rd Terre Haute, IN 47885

    View on Map
    Sponsored
    For Sale
    $49,900

    Restaurant/Bar - Terre Haute, IN

    Lot size:
    0.61 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 28 at 1:06 am

    Property Features for 2401 Durkees Ferry Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    84-02-18-133-004.000-025
    Lot size
    0.61 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    CARRIE SMITH
    CARRIE SMITH

    Gibson Real Estate

    Listing agent CARRIE SMITH License #RB14039377

    Listing date Mar 23, 2026

    MLS# 108875 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Restaurant/Bar Opportunity in Terre Haute

    This commercial structure, located in Terre Haute, Indiana, offers a versatile space suitable for various business ventures. Zoned for Commercial Small Retail, the property presents opportunities for uses such as a restaurant, bar, storage facility, garage, shop, or gym. The building features a concrete floor and is ready for upgrades and improvements. The property is sold AS-IS, with building materials included. The lot size is 0.61 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Big Box & Wholesale Store Gym & Fitness Center Hotel & Motel Garden Center Cafe & Coffee Shop Travel Agency Bed & Breakfast Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.4772
    Latitude
    39.5107

    Nearby Similar for Sale

    • $550,000
      0.28 Acres

      Established Restaurant and Bar Opportunity

      Well-established restaurant/bar with loyal clientele and prime location.
      932 Locust St, Terre Haute, IN 47807
      View Details
    • $499,900
      1.48 Acres

      Established Car Wash For Sale

      Well-established car wash with automated and manual options for sale.
      2222 Spring Clean Ave, Terre Haute, IN 47804
      View Details
    • $895,000
      8,400 SF

      Terre Haute Warehouse on 7+ Acres

      7+ acre industrial property with modern warehouse and outbuilding.
      5600 N 13Th St, Terre Haute, IN 47805
      View Details
    • New
      $1,055,000
      2,514 SF

      Downtown Terre Haute Investment Opportunity

      Highly visible, income-producing commercial property in downtown Terre Haute.
      401-403 Wabash Ave, Terre Haute, IN 47807
      View Details
    • $99,900
      6,706 SF

      Adaptable Terre Haute Mixed-Use Property

      6,706 sq ft property suitable for worship, office, community use.
      801 S 25Th St, Terre Haute, IN 47803
      View Details
    • $115,000
      0.10 Acres

      Versatile Commercial Building on Corner Lot

      Adaptable commercial building suitable for retail or office use.
      1452 S 25Th St, Terre Haute, IN 47803
      View Details
    • $115,000
      2,170 SF

      Versatile Commercial Building on Corner Lot

      Adaptable commercial building ideal for investors or owner-occupants.
      1452 S 25Th St, Terre Haute, IN 47803
      View Details
    • $329,900

      Restaurant/Bar with 3-Way Liquor License

      Bar and restaurant near Union Hospital and ISU campus.
      1145 Lafayette Ave, Terre Haute, IN 47804
      View Details
    • New
      $259,900
      10,000 SF

      Terre Haute Warehouse with Offices

      Commercial warehouse with offices and loading docks for sale.
      131 N 10Th 1/2 St, Terre Haute, IN 47807
      View Details
    • $149,000
      3,350 SF

      Terre Haute Restaurant/Bar Opportunity

      Prime commercial location near downtown, universities, and convention center.
      830 Oak St, Terre Haute, IN 47807
      View Details
    • $269,900
      8,666 SF

      Historic Terre Haute Congregation Building

      Well-maintained religious property on 1.095 acres in Terre Haute.
      540 S 6Th St, Terre Haute, IN 47807
      View Details
    • $849,000
      12,849 SF

      Retail/Service Property Near I-70

      11,462 SF steel building on 0.74 acres near I-70.
      2509 S 1St St, Terre Haute, IN 47802
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial space suitable for restaurant, retail, gym, or storage.
    Where is this retail space located?
    The property is located at 2401 Durkees Ferry Rd Terre Haute, IN.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: - Zoned Commercial Small Retail: Allowing for versatile uses such as storage, garage, shop, gym, or restaurant.; - Blank Canvas: Ready for your upgrades and improvements to create a customized space.; - Concrete Floor: Provides a durable and solid foundation.
    (812) 243-2029
    Request Owner's contact information
    2401 Durkees Ferry Rd Terre Haute, IN 47885
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2401 Durkees Ferry Rd
    Terre Haute, IN 47885
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2401 Durkees Ferry Rd Terre Haute, IN 47885
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    CARRIE SMITH
    CARRIE SMITH
    Real Estate License ID: RB14039377
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!