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    500 Honey Creek Dr Terre Haute, IN 47802

    For Sale
    $295,000

    2.34 Acres, C-3 Zoning, $295,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.34-acre commercial land parcel, located at 500 W Honey Creek Drive Lot C in Terre Haute, Indiana, presents a unique investment opportunity. The property boasts a highly desirable C-3 zoning designation, opening doors to a wide range of commercial development possibilities. Situated conveniently near Haute Center (formerly Honey Creek Mall), this location benefits from excellent visibility and proximity to established retail and businesses, ensuring high traffic flow and customer accessibility. The lot's size provides ample space for various projects, including service businesses, office spaces, or medical facilities. Furthermore, the property offers the significant advantage of readily available city water and sewer hookups, simplifying the development process and reducing upfront costs. The property's APN is 84-09-05-227-002.000-005, and the zip code is 47802. This strategic location in Vigo County, Indiana, combined with its zoning and infrastructure, makes this land a compelling investment for those seeking a prime location for commercial development in a thriving area. The asking price for this exceptional property is $295,000. Don't miss this chance to acquire a valuable asset in a high-growth area.

    Property Features for 500 Honey Creek Dr

    General Information

    Property type
    Land
    Lot Size
    101,930 SF

    HighLights

    • C‑3 Commercial Zoning
    • 2.34‑acre lot
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PETALS by Flannel ... Boutique

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.4256383
    Latitude
    39.4313391

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    FAQs

    What type of property is this?
    Land - 2.34 Acres, C-3 Zoning, $295,000
    Where is this land located?
    The property is located at 500 Honey Creek Dr Terre Haute, IN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: C-3 Commercial Zoning; 2.34-acre lot;
    Request Owner's contact information
    500 Honey Creek Dr 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
    500 Honey Creek Dr Terre Haute, IN 47802
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