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Office Suite with Private Offices
New
For Lease
$13.20 SF/Yr

500 E Springhill Drive, Terre Haute, IN 47802

SINGLE_FAMILY - Terre Haute, IN

Space Size2,500 SF
Lot Size1.23 Acres
Days on Market4

Property Features for 500 E Springhill Drive

General Information

Property type Residential
Property subtype Office
Zoning C-3
Interior features Restroom(s), Handicap Access, Handicap Restroom
Accessibility Accessible Approach with Ramp
Subdivision Vigo County
Standard status Active
APN 84-09-09-278-026.000-004
Lot size 1.23 Acres

Utilities

Heating system Electric (Heating)
Cooling system Central Air

Amenities

kitchenette/break area
private entrances
restrooms

Building Details

Floors in Building 1
Listing Agency: Berkshire Hathaway HomeServices Newlin-Miller REALTORS(R) · Prudential Real Estate
Listed By: Andrew Southard · License #RB16001137
Added: Jul 31 Last Checked: Aug 3 at 10:06PM
MLS# 110065

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.

FOR LEASE in the Springhill Professional Center at 500 E Springhill Drive (Suites L & M), a move-in-ready office suite offering 2,500+/- SF of professional space. The suite features 10 private offices, two restrooms, and a kitchenette/break area. Two private entrances support convenient access for staff and clients.

The property includes 3 ADA-accessible parking spaces plus 6 additional parking spaces directly in front of the suites. Handicap access is supported by an accessible approach with a ramp and handicap restrooms, with electric heat and central air for year-round comfort.

Located on Terre Haute’s south side in a primary commercial corridor, the center is surrounded by shopping, restaurants, grocery stores, professional services, and a bowling center. The location provides quick access to I-70 and U.S. 41, with estimated traffic counts exceeding 10,000 vehicles per day along E Springhill Drive.

Gross lease structure applies, with the landlord responsible for real estate taxes, building insurance, lawn care, and snow removal; the tenant pays utilities.

Key Highlights

  • 2,500+/- SF office suite in the Springhill Professional Center (Suites L & M)
  • 10 private offices plus kitchenette/break area and two restrooms
  • Two private entrances for the suite

Property Analytics

Current Use

Farmers Insurance - Matthew ... Insurance Agency Springhill Professional Center Real Estate Agency Help U Hear Physician Allied Podiatry Medical Clinic Central Brace & Limb ... Orthotics & Prosthetics Service

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Building Supply Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Utilities to site
Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

730
Businesses Nearby

Demographics for 47802, IN

34,229
Population
14,682
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
158.8 sq mi
ZIP Area
216
Density / Sq Mi
$58,880
Median Household Income
$36,457
Median Earnings
$865
Median Rent
$165,800
Median Home Value

Market

Lease Benchmarks for Terre Haute, IN

$16.18 /SF/Yr
Avg Asking Price
$13.71–$18 /SF/Yr
Price Range
4,280 SF
Avg Space Size

This space is priced 18% below the average of $16.18 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - C-3 zoned office suite with 10 private offices, central air, electric heat, and handicap access.
Where is this office units located?
The property is located at 500 E Springhill Drive Terre Haute, IN.
What is the lease rate?
The lease rate is $13.20 SF/Yr.
What are key features of this property?
This property features: 2,500+/- SF office suite in the Springhill Professional Center (Suites L & M); 10 private offices plus kitchenette/break area and two restrooms; Two private entrances for the suite
More about this property
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