Back to Search
Terre Haute Development Opportunity

220 Maple Avenue Terre Haute, IN 47804

Claim this Listing
For Sale
$375,000

SINGLE_FAMILY - Terre Haute, IN

Type:Retail
Property size:
1,377 SF
Lot size:
0.18 Acres
Price / SF:
$272.33/SF
Added:
Sep 8, 2025
Days on Market:
310
Last Refresh:
Jul 14 at 10:06 am

Property Features for 220 Maple Avenue

General Information

Property type
Residential
Property subtype
Retail
Zoning
C-2
Standard status
Active
APN
84-06-09-452-017.000-002
Size
1,377 SF
Lot size
0.18 Acres

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# 107399

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 property presents a development opportunity at one of the busiest intersections in Terre Haute. The existing building, which measures 1377 square feet, has accommodated various uses and is available for its next occupant. Situated on a 0.18-acre lot, the property is zoned C-2. Additional lots are available, offering the potential to expand the space for business purposes. The property is located in Terre Haute, Indiana.

Key Highlights

  • High‑traffic location at a busy intersection.
  • Development opportunity.
  • Existing 1377 sf building offers a versatile space.

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 $30.2k $21.96
− Vacancy −$1.2k −$0.86
EGI $29.1k $21.10
− OpEx −$8.7k −$6.33
NOI $20.3k $14.77
1,377 SF · lease $21.96/SF/yr · vacancy 3.90% · expense 30.00%

Alternative Uses

Best Use
Retail
$290.6K
$254.3K – $339.0K (±1% cap)
NOI $20,342 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$994.0K
$869.8K – $1.16M (±1% cap)
NOI $69,580 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

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 - Development opportunity at a busy Terre Haute intersection.
Where is this retail space located?
The property is located at 220 Maple Avenue Terre Haute, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: High‑traffic location at a busy intersection.; Development opportunity.; Existing 1377 sf building offers a versatile space.
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