Renovated Event Center with
218 Maple Avenue Terre Haute, IN 47804
218 Maple Avenue, Terre Haute, IN, 47804
$995,000
For Sale
$995,000
Renovated multipurpose event building with a dining room and fully functional attached kitchen; part is used for carpet sales.
Property Size5,000 SF
Lot Size0.52 Acres
Price / SF$199
Days on Market426
Property Features for 218 Maple Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.52 Acres
- Property subtype
- Retail
Listing agency
RE/MAX Real Estate Associates
(812) 235-4433
Listed by
Charles Goodwin · License #RB14039861
Source
Xome
Added: May 22, 2025 Updated: Jul 21 at 3:17PM Checked: Jul 21 at 3:17PM
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 RE/MAX Real Estate Associates
Investment Insights
Based on property information with market context.
This renovated, multipurpose building has been transformed into an event center. The interior includes a dining room with a fully functional attached kitchen, along with an additional game room space for added versatility. The remaining portion of the building is currently used as a carpet and flooring sales business. Wall heights are approximately 14' in one section and 10' in the remainder.
The property is located at 218 Maple Avenue in Terre Haute, IN, and sits on a 0.52-acre lot with additional lots available.
With its mix of event-oriented space and an operating retail component, the building offers flexible configurations for a new owner looking to coordinate event use with an existing commercial use on-site.
The property is located at 218 Maple Avenue in Terre Haute, IN, and sits on a 0.52-acre lot with additional lots available.
With its mix of event-oriented space and an operating retail component, the building offers flexible configurations for a new owner looking to coordinate event use with an existing commercial use on-site.
Key Highlights
- 5,000 SF multipurpose building on 0.52 acre with additional lots available
- Recently renovated event‑center use with a dining room and a fully functional attached kitchen
- Includes a game room for added versatility
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Robinson's Abbey Carpet ...
Carpet & Flooring Store
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Renovated multipurpose event building with a dining room and fully functional attached kitchen; part is used for carpet sales.
Where is this wedding venue 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: 5,000 SF multipurpose building on 0.52 acre with additional lots available; Recently renovated event‑center use with a dining room and a fully functional attached kitchen; Includes a game room for added versatility
