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    Terre Haute Development Opportunity Title is generated by Realmo AI

    220 Maple Avenue, Terre Haute, IN 47804

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    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/SF
    Added:
    Sep 8, 2025
    Days on Market:
    262
    Last Refresh:
    May 27 at 10:06 pm

    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

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    Listing Contact
    Charlie Goodwin

    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.

    HighLights

    • High‑traffic location at a busy intersection.
    • Development opportunity.
    • Existing 1377 sf building offers a versatile space.
    • Versatile building suitable for various uses.
    • Opportunity for new business occupancy.
    • Additional lots available for expansion.

    Overview

    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.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $226.0K
    NOI $20,342 @ 9.00% cap · cautious / downside scenario
    Moderate
    $290.6K
    NOI $20,342 @ 7.00% cap · market / base-case scenario
    Aggressive
    $406.8K
    NOI $20,342 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Retail

    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 Use Scenarios

    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 Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.414895
    Latitude
    39.49227

    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.
    More about this property
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