Back to Search
Multipurpose Building at Busy Intersection

218 Maple Avenue Terre Haute, IN 47804

Claim this Listing
For Sale
$995,000

SINGLE_FAMILY - Terre Haute, IN

Type:Retail
Property size:
5,000 SF
Lot size:
0.52 Acres
Price / SF:
$199/SF
Added:
Sep 8, 2025
Days on Market:
307
Last Refresh:
Jul 11 at 4:06 am

Property Features for 218 Maple Avenue

General Information

Property type
Residential
Property subtype
Retail
Zoning
C-2
Interior features
Fixtures, Restroom(s), 220 Volts, Rec. Facility, Handicap Access, Handicap Restroom
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
84-06-09-452-015.000-002
Size
5,000 SF
Lot size
0.52 Acres

Utilities

Heating system
Natural Gas
Cooling system
Central Air

Building Details

Floors in Building
1

Listing agent Charlie Goodwin License #RB14039681

Listing office REMAX R.E.A. 1000 S Third St., Terre Haute, IN

Listing date Sep 8, 2025

MLS# 107400

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 5000 SF multipurpose building is located at one of Terre Haute's busiest intersections and sits on 0.52 acres, with additional lots available. The property has been recently renovated and transformed into an event center. Features include a dining room with a fully functional attached kitchen and a game room. The remaining portion of the building is currently being utilized as a carpet and flooring sales business. The building has 14' walls in one section and 10' in the remainder. The zoning is C-2.

Key Highlights

  • High‑traffic location at a busy intersection.
  • 5000 SF multipurpose building on .52 acre.
  • Recently renovated into an event center.

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 (±1% cap)
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 (±1% cap)
NOI $252,652 @ 7.0% cap · market cap 25.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Robinson's Abbey Carpet ... Carpet & Flooring Store

Suggested Use

Real Estate Agency Building Supply Restaurant Law Firm Dental Office Spa & Massage Center HVAC Service Auto Parts Store Electrical Service Hair Salon

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

FAQs

What type of property is this?
Retail space - Renovated 5000 SF building on 0.52 acres for sale.
Where is this retail space 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: High‑traffic location at a busy intersection.; 5000 SF multipurpose building on .52 acre.; Recently renovated into an event center.
Contact an agent
More about this property
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