Property profile

400 Johnson Dr Terre Haute, IN 47802

OFF-MARKET
Land
7.64 ac lot
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Property summary

AI-generated overview

This exceptional 7.64-acre commercial land parcel presents a prime development opportunity in Terre Haute, Indiana. Located at 400 W Johnson Dr, Vigo County, zip code 47802 (39.4237266, -87.4218856), this property is ideally situated for a variety of commercial ventures. The asking price is $649,000. Currently zoned for non-commercial use, the land requires rezoning for commercial purposes before development can commence. This presents a unique chance for an investor or developer to shape the future of this strategic location. The expansive lot size offers significant flexibility in design and construction, allowing for substantial building footprints or the creation of a multi-unit commercial complex. Its location within Terre Haute provides easy access to major transportation routes, ensuring excellent visibility and convenient access for potential businesses and customers. Prospective buyers should conduct their own due diligence regarding zoning regulations and development permits. This is a blank canvas for a visionary project, poised to capitalize on the growth potential of Terre Haute's commercial sector. Serious inquiries are encouraged to explore the possibilities of this remarkable land offering. The property is identified as 400 Block W Johnson Drive.

Property profile

Verified
Property type Land
Lot 7.64 ac (332,798 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

400 Johnson Dr Terre Haute, IN 47802
Terre Haute metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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