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Property profile & analytics
OFF-MARKET
Commercial real estate

106 Main Street Rd Vincennes, IN 47591

0.06 ac lot Built 1902
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 106 Main Street in the heart of Vincennes, Indiana, presents a unique investment opportunity. Situated just one block from the scenic riverwalk and the Downtown Pavilion, this prime location offers unparalleled visibility and accessibility. The building, formerly home to a portion of a well-regarded bookstore, features a stunning showroom complete with elegant wooden columns, high-quality slat walls, and abundant natural light. The approximate gross square footage is 6739 square feet, with approximately 4402 square feet of finished space. The unfinished second floor offers significant potential for expansion, whether for additional retail space, storage, or the development of a loft apartment boasting breathtaking views of the George Rogers Clark Memorial. A finished basement provides several distinct areas with built-in shelving, slat walls, and office space, ideal for various business needs. The property sits on a 0.06-acre lot. While currently connected to 110 Main Street, the connecting points will be sealed before the sale is finalized. For those seeking a larger footprint, the option to purchase both buildings at a discounted price is available. This property is priced at $239,000 and is ready for immediate occupancy.

Property profile
Verified
Property type Commercial real estate
Year built 1902
Lot 0.06 ac (2,614 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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