Current Use by Public Records
- Land
Property Details for 0000 Margaret Dr
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 11+ acre industrial land parcel, totaling 488,743 square feet, presents a unique investment opportunity in a rapidly expanding area of Terre Haute, Indiana. Situated near the intersection of I-70 and SR 46, this strategically located property offers unparalleled access to major transportation arteries, connecting it to Indianapolis, Chicago, St. Louis, Louisville, and Cincinnati. The site benefits from its proximity to significant commercial developments, including the Terre Haute Casino Resort (owned by Churchill Downs), a Walmart Supercenter, Meijer, numerous restaurants, hotels, travel centers, apartment complexes, and distribution centers such as FedEx Ground and Clabber Girl. This high-traffic area provides excellent visibility and accessibility for a variety of potential uses. The property's zoning allows for a mixed-use development, encompassing retail, commercial, and residential possibilities. Vertical development is considered optimal given the site's size and location. Furthermore, the property is located within a Tax Increment Financing (TIF) District, potentially offering significant financial incentives for qualified projects. This presents a rare chance to acquire a substantial land holding in a thriving market with strong potential for significant return on investment. The asking price for this exceptional property is $4,700,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Terre Haute
- County
- Vigo
- State
- Indiana
- Longitude
- -87.4162
- Latitude
- 39.4338
