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    Us Highway 41 Terre Haute, IN 47807

    Sponsored
    For Sale
    $5,460,000

    High-traffic Terre Haute location, ideal for commercial development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 182-acre commercial land parcel presents a unique investment opportunity in Terre Haute, Indiana. Strategically located at the exit ramp of bypass 641 and extending south to Dallas Road, this property boasts unparalleled visibility and accessibility. Situated at the northwest corner of Dallas Road and US Highway 41, it benefits from high traffic volume and prominent exposure. Currently zoned A-1, rezoning for commercial use is anticipated to be straightforward, making it ready for a wide range of development projects. The asking price is $5,460,000, translating to $30,000 per acre, reflecting the land's significant value and potential. The property's size and location make it suitable for large-scale commercial ventures requiring substantial acreage in a prime location. This offering is an excellent investment opportunity or a strong candidate for a 1031 exchange. The property's corporate ownership ensures a streamlined transaction process. The address is 0 S US Hwy 41, Terre Haute, IN 47807, Vigo County.

    Property Features for 0 Us Highway 41

    General Information

    Property type
    Land
    Lot Size
    7,927,920 SF

    HighLights

    • 182‑acre commercial land parcel in Terre Haute, IN.
    • High‑traffic location at the intersection of US Highway 41 and Dallas Road, with excellent visibility from I‑641 exit ramp.
    • Currently zoned A‑1, with anticipated straightforward rezoning for commercial use.
    • Asking price: $5,460,000 ($30,000/acre).
    • Suitable for large‑scale commercial development.
    • Corporate ownership ensures a smooth transaction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Terre Haute
    County
    Vigo
    State
    Indiana
    Longitude
    -87.4136722
    Latitude
    39.466129

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    FAQs

    What type of property is this?
    Land - High-traffic Terre Haute location, ideal for commercial development.
    Where is this land located?
    The property is located at Us Highway 41 Terre Haute, IN.
    What is the asking price?
    The asking price for this property is $5,460,000.
    What are key features of this property?
    This property features: 182-acre commercial land parcel in Terre Haute, IN.; High-traffic location at the intersection of US Highway 41 and Dallas Road, with excellent visibility from I-641 exit ramp.; Currently zoned A-1, with anticipated straightforward rezoning for commercial use.
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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
    Us Highway 41 Terre Haute, IN 47807
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