Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    500 E Springhill Dr Terre Haute, IN 47802

    For Lease
    $1,500 /Mo ($0.34 SF/Yr)

    Retail/Service - Terre Haute, IN

    Lot size:
    1.23 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 500 E Springhill Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-3
    Rooms
    Bathroom 1
    Bathrooms
    1
    Interior features
    Display Window, Restroom(s)
    Lot size
    1.23 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    Prudential Newlin-Johnson Realtors (812) 478-1957 [email protected]

    Listing agent ANDREW SOUTHARD (812) 478-1900 License #RB16001137

    Listing date Nov 21, 2025

    MLS# 108051 Listing URL

    Copyright © 2025 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.

    Overview

    Terre Haute Office Space Available

    This commercial office space is available for lease at 500 E Springhill Dr., Suite B, Terre Haute, IN 47802. The 1,250 SF suite is suited for small to mid-sized businesses. It features three offices, including a spacious open-concept area suitable for collaboration, training, or presentations. There are two entrances/exits for flexible staff flow and client access. The suite also includes a storage closet, a print station, and an in-suite half bath. Recent upgrades include new flooring, fresh paint, updated lighting, and a new entry door. The property benefits from 155 feet of road frontage, providing excellent visibility with approximately 8,100 vehicles per day. There is a tenant signage opportunity with the ability to place an advertising sign on the existing pole sign along the frontage. Located in an active business and retail corridor, this space is ideal for growing or relocating a business. A minimum 4-year lease is required.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Matthew ... Insurance Agency Springhill Professional Center Office Space Rental Agency Help U Hear Audiologist Allied Podiatry Medical Clinic Central Brace & Limb ... Orthotics & Prosthetics Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.411025
    Latitude
    39.412879

    Nearby Similar for Lease

    • $6,000 /Mo
      55,757 SF

      Spacious Office Building For Lease

      Versatile office space with ample parking and recent upgrades.
      3900 S 7Th St, Terre Haute, IN 47802
      View Details
    • $14 SF/Yr

      Downtown Terre Haute Office Space

      Remodeled office spaces in historic Sycamore Building, downtown Terre Haute.
      19 S 6Th St, Terre Haute, IN 47807
      View Details
    • $2,625 /Mo

      Downtown Terre Haute Office Space

      Handicap accessible office space in downtown business district.
      400 Poplar St, Terre Haute, IN 47807
      View Details
    • $2,200 /Mo

      Restored Duplex Near Downtown

      Restored 3-bedroom duplex with modern amenities in downtown Terre Haute.
      208 S 9Th St, Terre Haute, IN 47807
      View Details
    • $18 SF/Yr
      40,511 SF

      Retail Space in Express Plaza

      Retail/service space available in high-traffic Terre Haute location.
      4400 S 7Th St, Terre Haute, IN 47802
      View Details
    • $2,500 /Mo
      24,394 SF

      Office Space on High-Traffic Corner

      Office space for lease on a high-traffic corner lot.
      1084 Ohio St, Terre Haute, IN 47807
      View Details

    FAQs

    What type of property is this?
    Office space - Professional office space for lease in Terre Haute, Indiana.
    Where is this office space located?
    The property is located at 500 E Springhill Dr Terre Haute, IN.
    What is the lease rate?
    The lease rate is $0.34 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location with 155 feet of road frontage and approx. 8,100 vehicles per day.; - Flexible layout with three offices, including a spacious open-concept area.; - Two entrances/exits for adaptable staff and client access.
    (812) 478-1900
    Request Owner's contact information
    500 E Springhill Dr Terre Haute, IN 47802
    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.
    500 E Springhill Dr
    Terre Haute, IN 47802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    500 E Springhill Dr Terre Haute, IN 47802
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.