Building Details

Floors in Building 1

Buildings 1

Listing Agency: CENTURY 21 ELITE · Century 21 Real Estate n***@century21.com Show Phone

Listed By: Amy L Gordon · License #RB14039364 Show Phone

Added: Nov 6 Last Checked: Nov 6 at 12:06PM

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MLS# 110931

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.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,299-square-foot storefront is currently used for a salon and boutique. The building has one restroom, and a washer and dryer are included. Improvements include a newer roof and windows, updated plumbing, a natural gas furnace with heat pump, central air, and gutters. Interior details include shiplap accent walls and other finishes.

At a corner location, the property has 125 feet of road frontage and 12 parking spaces. The sale also includes two additional lots. Zoning is Commercial Retail.

Key Highlights

• 1,299‑square‑foot storefront currently operating as a salon and boutique
• 125 feet of road frontage at a corner location
• 12 on‑site parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,189

Cap Rate

8.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$383,780 $383.8K

Cap Rate 7%

$274,129 $274.1K

Cap Rate 9%

$213,211 $213.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,299 SF

Gross rent

$28.5K $21.96/SF

− Vacancy

−$1.1K −$0.86/SF

EGI

$27.4K $21.10/SF

− OpEx

−$8.2K −$6.33/SF

NOI

$19.2K $14.77/SF

Area

Vigo County, IN

Vacancy

3.90%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$383,780

Cap Rate 7%

$274,129

Cap Rate 9%

$213,211

Alternative Uses

Best Use

Retail

$274.1K

$239.9K – $319.8K (±1% cap)

NOI $19,189 @ 7.0% cap · market cap 8.17%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$937.7K

$820.5K – $1.09M (±1% cap)

NOI $65,639 @ 7.0% cap · market cap 27.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Ava Hair Salon ... Hair Salon Ava Boutique Hair Salon

Suggested Use

Top Pick Law Firm Parking Lot & Garage Bakery Plumbing Service Locksmith HVAC 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

610

Businesses Nearby

158k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 72% Shops & Services 8% Apparel 7% Hotels & Casinos 6%

Cracker Barrel Old Country Store Dining

26,657 visits/mo 0.3 miles

Starbucks Dining

21,783 visits/mo 0.5 miles

Steak 'n Shake Dining

19,909 visits/mo 0.4 miles

Fazoli's Dining

13,876 visits/mo 0.4 miles

IHOP Dining

13,676 visits/mo 0.5 miles

Demographics for 47803, IN

21,832

Population

9,516

Households

2.3

Avg Household Size

38

Median Age

37%

College-Educated

95%

High-School Grad

33.4 sq mi

ZIP Area

654

Density / Sq Mi

$59,306

Median Household Income

$35,454

Median Earnings

$895

Median Rent

$146,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial Retail zoning, on-site parking, and two extra lots accompany the existing storefront.

Where is this storefront property located?

The property is located at 2904 S 7th Street Terre Haute, IN.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: 1,299‑square‑foot storefront currently operating as a salon and boutique; 125 feet of road frontage at a corner location; 12 on‑site parking spaces