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Auto Dealership on US 41

4120 S US Hwy 41 Terre Haute, IN 47802

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For Sale
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19,000 SF building on 5 acres available for sale.

Type:Retail
Property size:
18,788 SF
Lot size:
5.00 Acres
Price / SF:
$279/SF
Added:
Nov 1, 2024
Days on Market:
618
Last Refresh:
May 12 at 8:26 pm

Property Features for 4120 S US Hwy 41

General Information

Standard status
Active
Size
18,788 SF
Lot size
5.00 Acres
Property subtype
Retail

Building Details

Year Built
1968

Listing office RE/MAX Real Estate Associates

Listing date Nov 1, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Associates


Investment Insights

Based on property information with market context.

This property features a 19,000 square foot building, plus an additional 2,400 square foot building, situated on approximately 5 acres. Currently operating as an auto dealership, the property is located along US 41 South, benefiting from a high traffic count of 37,237 vehicles per day. The property is suitable for various uses and potential development. A new roof was installed in 2023. The surrounding area includes major retail shopping and multiple restaurants.

Key Highlights

  • High traffic location: 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 5 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 $412.6k $21.96
− Vacancy −$16.1k −$0.86
EGI $396.5k $21.10
− OpEx −$118.9k −$6.33
NOI $277.5k $14.77
18,788 SF · lease $21.96/SF/yr · vacancy 3.90% · expense 30.00%

Alternative Uses

Best Use
Industrial
$11.17M
$9.77M – $13.03M (±1% cap)
NOI $781,830 @ 7.0% cap · market cap 14.89%
Second Best
Retail
$3.96M
$3.47M – $4.63M (±1% cap)
NOI $277,546 @ 7.0% cap · market cap 5.29%
Theoretical Best
Warehouse
$13.56M
$11.87M – $15.82M (±1% cap)
NOI $949,365 @ 7.0% cap · market cap 18.08%
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 5 acres available for sale.
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 $5,250,000.
What are key features of this property?
This property features: High traffic location: 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 5 acres.; New roof installed in 2023.
Contact an agent
(812) 235-4433 Call to check price and availability
More about this property
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