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Property profile & analytics
OFF-MARKET
Commercial real estate

124 Main Street Rd Vincennes, IN 47591

0.11 ac lot Built 1890
Property ID
Property summary
AI-generated overview

This exceptional commercial property at 124 Main Street, Vincennes, Indiana, presents a unique investment opportunity. Situated on Indiana's first main street, this building boasts a prime downtown location with significant potential for growth and expansion. The sale includes the established Vincennes Brewing Company, the only licensed small brewery within a 50-mile radius. All brewing equipment is included, encompassing a walk-in cooler in the basement, a complete tap system, refrigerators, a water filtration system, and fixtures. The brewery is currently operational and will remain open during the sale process. Adding to the income stream is a hair salon operating on a month-to-month lease, providing consistent rental income. The building also features a third-floor office space, a separate second-floor party room, and five bathrooms. Significant expansion possibilities exist on the third and fourth floors, offering open canvases with exposed brick walls and expansive windows overlooking Patrick Henry Square and the George Rogers Clark Memorial. These upper floors present a blank slate for future development. The property sits on a 0.11-acre lot. The asking price is $379,900. Note that certain leased items, including a jukebox, dartboards, Golden Tee golf game, pinball machine, and arcade machines, are not included in the sale but may be available for transfer separately. This is a rare chance to acquire a thriving business and a versatile commercial building in the heart of downtown Vincennes.

Property profile
Verified
Property type Commercial real estate
Year built 1890
Lot 0.11 ac (4,792 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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