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Adaptable Office Building
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1543 S 7th Street, Terre Haute, IN 47802

Office layout with private rooms, shared areas, restroom facilities, and existing water access in several rooms.

Property Size1,664 SF
Price / SF$69.05
Days on Market54

Property Features for 1543 S 7th Street

General Information

Standard status Active
Size 1,664 SF
Class C
Total Parking Spaces 7
Property subtype Office
Zoning R-3
Investment Type Owner/User

Building Details

Year Built 1955
Buildings 1
Stories 1
Listing Agency: Berkshire Hathaway HomeServices Newlin-Miller, REALTORS
Listed By: Carl N. (Chip) Miller · License #RB14011642
Source: Crexi
Added: Aug 25 Changed: Oct 10 Last Checked: Oct 16 at 7:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Newlin-Miller, REALTORS

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Investment Insights

Based on property information with market context.

This 1,664-square-foot office building, constructed in 1955, is arranged with multiple private rooms, reception and common areas, restroom facilities, and on-site parking. Water access is installed in several rooms, supporting the existing office configuration and potential service-oriented adaptations.

The property carries R-3 zoning, which may accommodate residential and community-oriented uses subject to local zoning requirements and approvals. Potential applications identified for the building include professional services, nonprofit or community-based operations, supportive housing, residential conversion, counseling, wellness, and personal-service businesses.

Key Highlights

  • 1,664 SF office building constructed in 1955
  • R‑3 zoning may support residential and community‑oriented uses, subject to approvals
  • Multiple private rooms with reception and common areas

Property Analytics

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Current Use

Kennedy Foot Care Physician Wendy K Kennedy ... Physician

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Skin Care Clinic Grocery & Convenience Store Carpet & Flooring Store Catering Service

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

Location Intelligence

Trade Area within ½ mile

450
Businesses Nearby

Demographics for 47802, IN

34,229
Population
14,682
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
158.8 sq mi
ZIP Area
216
Density / Sq Mi
$58,880
Median Household Income
$36,457
Median Earnings
$865
Median Rent
$165,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Office layout with private rooms, shared areas, restroom facilities, and existing water access in several rooms.
Where is this office building located?
The property is located at 1543 S 7th Street Terre Haute, IN.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: 1,664 SF office building constructed in 1955; R‑3 zoning may support residential and community‑oriented uses, subject to approvals; Multiple private rooms with reception and common areas
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