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Former Auto Dealership on US 41

4120 S Us Hwy 41 Terre Haute, IN 47802

Claim this Listing
For Sale
$4,000,000

SINGLE_FAMILY - Terre Haute, IN

Type:Retail
Property size:
21,400 SF
Lot size:
4.00 Acres
Price / SF:
$186.92/SF
Added:
Sep 15, 2025
Days on Market:
303
Last Refresh:
Jul 14 at 10:06 am

Property Features for 4120 S Us Hwy 41

General Information

Property type
Residential
Property subtype
Retail
Zoning
C
Standard status
Active
APN
84-09-09-202-001.000-004
Size
21,400 SF
Lot size
4.00 Acres

Utilities

Heating system
Natural Gas
Cooling system
Central Air

Building Details

Floors in Building
1

Listing agent Dave Cash License #RB14017104

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

Listing date Sep 15, 2025

MLS# 107463

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, formerly an auto dealership, features a 19,000-square-foot building along with an additional 2,400-square-foot building, situated on approximately 4 acres. The location is along US 41 South, which experiences a high traffic volume of 37,237 vehicles per day. The property is zoned C and suitable for various uses or development. A new roof was installed in 2023. The surrounding area includes major retail shopping and multiple restaurants. The owner will consider subdividing.

Key Highlights

  • High traffic location with 37,237 vehicles per day (VPD) on US 41 South.
  • Large property: 19,000 Sq Ft building plus an additional 2,400 Sq Ft building on approximately 4 acres.
  • New roof installed in 2023.

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 $469.9k $21.96
− Vacancy −$18.3k −$0.86
EGI $451.6k $21.10
− OpEx −$135.5k −$6.33
NOI $316.1k $14.77
21,400 SF · lease $21.96/SF/yr · vacancy 3.90% · expense 30.00%

Alternative Uses

Best Use
Industrial
$12.72M
$11.13M – $14.84M (±1% cap)
NOI $890,524 @ 7.0% cap · market cap 22.26%
Second Best
Retail
$4.52M
$3.95M – $5.27M (±1% cap)
NOI $316,131 @ 7.0% cap · market cap 7.90%
Theoretical Best
Warehouse
$15.45M
$13.52M – $18.02M (±1% cap)
NOI $1,081,350 @ 7.0% cap · market cap 27.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dorsett Dodge Ram Car Dealership Don's Daily Deals Car Dealership Vigo Dodge Car Dealership

Suggested Use

Real Estate Agency Law Firm Storage Facility Building Supply HVAC Service Parking Lot & Garage Electrical Service Bakery Veterinary Clinic (Bike/Boat/Book/etc) Store

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

Similar Off Market Nearby

  • Mace Ford — 4501 S US Hwy 41, Terre Haute, IN 47802
  • Mace Ford Service — 4501 S US Hwy 41, Terre Haute, IN 47802
  • Rural King Tractors — 4651 S US Hwy 41, Terre Haute, IN 47802
  • Indiana Tint and Dent — 4675 S 1st St, Terre Haute, IN 47802
  • Caliber Collision — 47 W Springhill Dr, Terre Haute, IN 47802

FAQs

What type of property is this?
Auto shop - 19,000 SF building on 4 acres, high traffic location.
Where is this auto shop located?
The property is located at 4120 S Us Hwy 41 Terre Haute, IN.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: High traffic location with 37,237 vehicles per day (VPD) on US 41 South.; Large property: **19,000 Sq Ft building plus an additional 2,400 Sq Ft building** on approximately 4 acres.; New roof installed in 2023.
Contact an agent
More about this property
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