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    2409 Chestnut St Vincennes, IN 47591

    Sponsored
    For Sale
    $325,000

    Vincennes Warehouse, Owner/User Opportunity

    Property size:
    14,333 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 2409 Chestnut Street in Vincennes, Indiana, presents a compelling owner-user opportunity. The property encompasses 14,333 square feet across two single-story buildings constructed in 1983 and 2007, situated on a 0.383-acre lot. The buildings boast a versatile layout, featuring ceiling heights ranging from 14 to 23 feet, ideal for various industrial uses. The property includes one loading dock with one dock-high door, providing efficient loading and unloading capabilities. Zoned C-2, this property offers ample indoor and outdoor vehicle parking, enhanced by exterior lighting and protective steel bollards around the dock and overhead doors. Its strategic location, three blocks south of Lenex Steel and Schott Glass, six blocks northeast of Vincennes University, and less than a mile west of the US Highway 50/US Highway 41 interchange, provides excellent access to transportation networks and a skilled workforce. The asking price is $325,000, translating to $22.67 per square foot. Existing racking and shelving are available for purchase, with a 60-day vacancy period for the current owner. The property's APN is 42-12-15-401-013.000-022

    Property Features for 2409 Chestnut St

    General Information

    Property type
    Distribution properties
    Square Feet
    14,333 SF
    Lot Size
    16,683 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • Ample indoor and outdoor parking with exterior lighting.
    • Secure loading docks protected by steel bollards.
    • Eligible for Knox County economic incentives for new, relocating, or expanding businesses.
    • Existing racking/shelving available for purchase; 60‑day tenant occupancy delay.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.510710748404
    Latitude
    38.695071230391

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    FAQs

    What type of property is this?
    Distribution property - Vincennes Warehouse, Owner/User Opportunity
    Where is this distribution property located?
    The property is located at 2409 Chestnut St Vincennes, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Ample indoor and outdoor parking with exterior lighting.; Secure loading docks protected by steel bollards.; Eligible for Knox County economic incentives for new, relocating, or expanding businesses.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2409 Chestnut St Vincennes, IN 47591
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