Former Auto Dealership on US
4120 S Us Hwy 41 Terre Haute, IN 47802
For Sale
$4,000,000
SINGLE_FAMILY - Terre Haute, IN
Property Size21,400 SF
Lot Size4.00 Acres
Price / SF$186.92
Days on Market317
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 Agency:
REMAX R.E.A.
(812) 235-4433
Listed By:
Dave Cash · License #RB14017104
(812) 243-0930
Added: Sep 15, 2025
Changed: May 26
Last Checked: Jul 28 at 7:06AM
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.
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
NOI $890,524 @ 7.0% cap · market cap 22.26%
Second Best
Retail
$4.52M
$3.95M – $5.27M
NOI $316,131 @ 7.0% cap · market cap 7.90%
Theoretical Best
Warehouse
$15.45M
$13.52M – $18.02M
NOI $1,081,350 @ 7.0% cap · market cap 27.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
Frequently Asked Questions
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.
