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    1323 Washington Ave Vincennes, IN 47591

    For Sale
    $124,900

    0.392 Acres, Prime Location, Motivated Seller

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.392-acre commercial land parcel, located at 1323 Washington Ave and 905-909 E Locust St in Vincennes, Indiana, presents a unique investment opportunity. Situated on a heavily traveled main road within the city's bustling business district, this property offers significant potential for diverse uses. The permitted zoning, encompassing both R-1 and C-1 classifications, allows for a flexible development approach, potentially accommodating a mixed-use commercial and residential building. The existing structure requires renovation and is currently vacant, presenting a blank canvas for a discerning investor. The asking price is $124,900. This prime location in Knox County, Indiana (zip code 47591), offers excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. The motivated seller is eager to find the right buyer for this promising property. The coordinates are 38.681652559739796 latitude and -87.51456469010145 longitude. This is a rare chance to acquire a substantial piece of land in a thriving Indiana business district. Don't miss this opportunity to capitalize on the potential of this versatile property.

    Property Features for 1323 Washington Ave

    General Information

    Property type
    Land
    Lot Size
    17,076 SF

    HighLights

    • 0.392‑acre commercial land parcel at 1323 Washington Ave & 905‑909 E Locust St, Vincennes, IN (47591).
    • High‑traffic main road location in the city's business district.
    • R‑1 and C‑1 zoning allows mixed‑use development.
    • Vacant, existing structure requires renovation.
    • Asking price: $124,900.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.514564690101
    Latitude
    38.68165255974

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    FAQs

    What type of property is this?
    Land - 0.392 Acres, Prime Location, Motivated Seller
    Where is this land located?
    The property is located at 1323 Washington Ave Vincennes, IN.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: 0.392-acre commercial land parcel at 1323 Washington Ave & 905-909 E Locust St, Vincennes, IN (47591).; High-traffic main road location in the city's business district.; R-1 and C-1 zoning allows mixed-use development.
    (812) 455-0001
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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
    1323 Washington Ave Vincennes, IN 47591
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