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    500 Honey Creek Dr Terre Haute, IN 47802

    For Sale
    $375,000

    1.7-Acre C-3 Zoned Lot, $375,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.7-acre commercial land parcel presents a unique investment opportunity in Terre Haute, Indiana. Ideally situated at 500 W Honey Creek Drive, Lot E, this property boasts a C-3 zoning designation, opening doors to a wide array of commercial uses. The lot, identified by APN 84-09-05-276-001.000-005, is conveniently located just west of Haute Center (formerly Honey Creek Mall), placing it within a thriving retail and business corridor. Its strategic position ensures high visibility and accessibility, making it an attractive location for businesses seeking a strong presence in a busy area. The 1.7-acre size provides ample space for development, allowing for flexibility in design and construction plans. The asking price for this exceptional property is $375,000. This represents a compelling opportunity to acquire a well-positioned commercial lot in a dynamic market. The property's zoning and location combine to create a strong foundation for future growth and profitability. Serious inquiries are encouraged to explore the potential of this prime commercial land. The address is 500 W Honey Creek Drive, Terre Haute, IN 47802, Vigo County.

    Property Features for 500 Honey Creek Dr

    General Information

    Property type
    Land
    Lot Size
    74,052 SF

    HighLights

    • C‑3 Commercial Zoning.
    • 1.66‑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 - 1.7-Acre C-3 Zoned Lot, $375,000
    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 $375,000.
    What are key features of this property?
    This property features: C-3 Commercial Zoning.; 1.66-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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