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    3500 Us Highway 41 Terre Haute, IN 47802

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail center; spaces available.

    Lot size:
    125,548 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Riverside Plaza offers exceptional retail opportunities in Terre Haute, Indiana. This multi-tenant property totals 125,548 square feet and is strategically located directly south of I-70, within the Terre Haute Regional Trade Area – the largest retail market in West Central Indiana, serving over half a million residents. The center enjoys a prime location less than three miles south of downtown, along heavily trafficked US Highway 150/41, boasting 35,000 vehicles per day. Three spaces are currently available, ranging from a minimum of 2,500 square feet to a maximum contiguous space of 4,700 square feet; a total of 7,200 square feet is currently vacant. The property sits on a 0.4-acre lot. This vibrant area is home to four higher education institutions, most notably Indiana State University with its 9,500 students, providing a substantial and consistent customer base. Major employers such as Union Hospital, Indiana State University, Advics, Bemis, and First Financial Bank further contribute to the strong local economy and consumer spending power. The property is suitable for a variety of uses, including quick-service restaurants (QSR), general retail, medical offices, nail salons, hair salons, and restaurants. This is a rare opportunity to establish a presence in a thriving retail hub with excellent visibility and accessibility.

    Property Features for 3500 Us Highway 41

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    125,548 SF

    Unit(s) available at that property

    Space
    3530
    Size
    2,500 SF
    Space
    3410
    Size
    3,000 SF
    Space
    3580
    Size
    4,500 SF

    HighLights

    • Retail, restaurant, and special‑purpose property with multiple tenancies.
    • 125,548 total square feet.
    • Spaces available from 2,500 to 4,700 contiguous square feet.
    • 7,200 square feet currently vacant.
    • 0.4‑acre lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burlington Men'S Clothing Store Baby Depot Baby Store

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.4140893
    Latitude
    39.4246416

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail center; spaces available.
    Where is this restaurant located?
    The property is located at 3500 Us Highway 41 Terre Haute, IN.
    What are key features of this property?
    This property features: Retail, restaurant, and special-purpose property with multiple tenancies.; 125,548 total square feet.; Spaces available from 2,500 to 4,700 contiguous square feet.
    Request Owner's contact information
    3500 Us Highway 41 Terre Haute, IN 47802
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    Terre Haute, IN 47802
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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
    3500 Us Highway 41 Terre Haute, IN 47802
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