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    1021 Hart St Vincennes, IN 47591

    For Sale
    $129,900

    High-traffic lot, great income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.44-acre commercial lot, located at 1021 Hart St. in Vincennes, Indiana (APN: 421221404004000022), presents a compelling investment opportunity. Zoned C1, this property boasts a highly desirable location with easy highway access, ensuring significant visibility and potential for a variety of commercial uses. Currently generating a consistent annual income of $3200 from existing billboard rentals, this asset offers immediate return on investment. Public utilities are readily available, simplifying development and operational costs. The property's size and strategic location make it ideal for a range of commercial ventures, from retail establishments to service businesses. The asking price is $129,900. This is a rare opportunity to acquire a well-situated, income-producing commercial land parcel in a thriving Indiana community. Don't miss out on this chance to capitalize on the significant potential of this prime location. Serious inquiries only.

    Property Features for 1021 Hart St

    General Information

    Property type
    Land
    Lot Size
    19,166 SF

    HighLights

    • Significant billboard income stream.
    • High‑traffic location with excellent visibility.
    • Strong potential for future value appreciation and/or redevelopment.
    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
    -87.5212552
    Latitude
    38.6760878

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    FAQs

    What type of property is this?
    Land - High-traffic lot, great income potential.
    Where is this land located?
    The property is located at 1021 Hart St Vincennes, IN.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Significant billboard income stream.; High-traffic location with excellent visibility.; Strong potential for future value appreciation and/or redevelopment.
    (812) 291-2202
    Request Owner's contact information
    1021 Hart St Vincennes, IN 47591
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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
    1021 Hart St Vincennes, IN 47591
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