Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    400 Johnson Dr Terre Haute, IN 47802

    Sponsored
    For Sale
    $649,000

    7.64 Acres, Ready for Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 7.64-acre commercial land parcel presents a prime development opportunity in Terre Haute, Indiana. Located at 400 W Johnson Dr, Vigo County, zip code 47802 (39.4237266, -87.4218856), this property is ideally situated for a variety of commercial ventures. The asking price is $649,000. Currently zoned for non-commercial use, the land requires rezoning for commercial purposes before development can commence. This presents a unique chance for an investor or developer to shape the future of this strategic location. The expansive lot size offers significant flexibility in design and construction, allowing for substantial building footprints or the creation of a multi-unit commercial complex. Its location within Terre Haute provides easy access to major transportation routes, ensuring excellent visibility and convenient access for potential businesses and customers. Prospective buyers should conduct their own due diligence regarding zoning regulations and development permits. This is a blank canvas for a visionary project, poised to capitalize on the growth potential of Terre Haute's commercial sector. Serious inquiries are encouraged to explore the possibilities of this remarkable land offering. The property is identified as 400 Block W Johnson Drive.

    Property Features for 400 Johnson Dr

    General Information

    Property type
    Land
    Lot Size
    332,798 SF

    HighLights

    • $649,000 asking price.
    • 7.64‑acre commercial land parcel.
    • Located at 400 W Johnson Dr, Terre Haute, IN 47802.
    • Vigo County, Indiana location.
    • Requires rezoning for commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -87.4218856
    Latitude
    39.4237266

    Nearby Similar for Sale

    • $440,000
      0.40 Acres

      Turnkey Restaurant and Bar Opportunity

      Fully equipped restaurant/bar with apartments in prime location.
      1367 Wabash Ave, Terre Haute, IN 47807
      View Details
    • $749,000
      1.29 Acres

      Retail/Service Property on US Hwy 41

      Commercial property with showroom, office, and warehouse space.
      5015 S Us Highway 41, Terre Haute, IN 47802
      View Details
    • $600,000
      0.28 Acres

      Established Restaurant and Bar Opportunity

      Well-established restaurant/bar with banquet hall near Indiana State University.
      932 Locust St, Terre Haute, IN 47807
      View Details
    • $325,000
      0.82 Acres

      Freestanding Commercial Building on Lafayette

      Freestanding commercial building with high visibility and move-in readiness.
      2160 Lafayette Ave, Terre Haute, IN 47805
      View Details
    • $899,000
      0.74 Acres

      Terre Haute Retail/Service Property

      11,462 SF steel building on 0.74 acres for sale.
      2509 S 1St St, Terre Haute, IN 47802
      View Details
    • $199,000
      1.48 Acres

      Skating Rink with C2 Zoning

      Skating rink with hardwood floor, lounge, kitchen, and ample parking.
      4600 N Smith St, Terre Haute, IN 47805
      View Details
    • $5,250,000
      5.00 Acres

      Retail/Service Property on US 41

      19,000 SF building on 5 acres, high traffic location.
      4120 S Us Highway 41, Terre Haute, IN 47802
      View Details
    • $4,000,000
      4.00 Acres

      Retail/Service Property in Terre Haute

      Former auto dealership on 4 acres with high traffic.
      4120 S Us Highway 41, Terre Haute, IN 47802
      View Details
    • $649,900
      1.28 Acres

      Spacious Office Building, Terre Haute

      Versatile office building with ample space and convenient location.
      3900 S 7Th St, Terre Haute, IN 47802
      View Details
    • $1,850,000
      3.31 Acres

      Terre Haute Industrial/Warehouse Space

      Industrial/warehouse space with office, docks, and ample parking.
      5150 E Margaret Dr, Terre Haute, IN 47803
      View Details
    • $249,900

      Former Church with Commercial Potential

      Versatile Terre Haute property suitable for various commercial uses.
      2228 S 7Th St, Terre Haute, IN 47802
      View Details
    • $550,000
      2.05 Acres

      Commercial Pole Buildings - Terre Haute

      2.05-acre commercial property with two versatile pole buildings.
      703 N Fruitridge Ave, Terre Haute, IN 47803
      View Details

    FAQs

    What type of property is this?
    Land - 7.64 Acres, Ready for Development
    Where is this land located?
    The property is located at 400 Johnson Dr Terre Haute, IN.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: $649,000 asking price.; 7.64-acre commercial land parcel.; Located at 400 W Johnson Dr, Terre Haute, IN 47802.
    Request Owner's contact information
    400 Johnson Dr Terre Haute, IN 47802
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Johnson Dr
    Terre Haute, IN 47802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    400 Johnson Dr Terre Haute, IN 47802
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.