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    601 College Ave Vincennes, IN 47591

    • Retail space
    • 7,034 SF
    • 0.23 lot acres
    For Lease
    View listing
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US31-1082883
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Little Caesars Pizza / Pizza Delivery / Pizza Takeout
    • Family Video / Movie Rental Store / Video Game Rental Store

    Property Details for 601 College Ave

    Year built
    2004
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.23 lot acres
    Property size
    7,034 SF
    Property type
    Retail space
    APN
    42-12-21-115-045.000-022
    APU
    421221115045000022

    Description

    This exceptional 7,046 square foot retail strip center, located at 601 N. College Ave in Vincennes, Indiana, presents a remarkable leasing opportunity. The property boasts a prominent location with high visibility and ample parking for 38 vehicles, ensuring convenient access for customers. Currently, 5,846 square feet of space is available, offering significant potential for a variety of retail or commercial uses. The adaptable layout allows for efficient floor planning and customizable interiors to suit individual business needs. The modern exterior and amenities create a professional and inviting atmosphere, designed to attract substantial foot traffic and enhance brand exposure. The property sits on a 0.63-acre lot, providing ample space and visibility. This is an ideal location for businesses seeking a strong presence in the thriving Vincennes market, benefiting from the high traffic volume and convenient access afforded by its strategic placement. The property's modern design and flexible layout make it an excellent choice for businesses looking to establish a successful and visible presence in the community. Don't miss this chance to secure a prime retail space in a vibrant Indiana city. The zip code is 47591.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $525,000
      7%
      $480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $535,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $450,000
      Retail
      $435,000
      Mixed-Use
      $440,000
      Hospitality
      $570,000
      Educational
      $470,000
      Residential Income
      $570,000
      Energy
      $445,000
      Income-Based Land
      $455,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.5204
    Latitude
    38.6816
    CBSA code
    47180
    CBSA name
    VINCENNES, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,436
    $27,100
    $381,400
    $408,500
    -
    $27,100
    $381,400
    $408,500

    Comparable in this City

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      1,100 SF

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    • Value Estimation by Request
      2,250 SF

      2802 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      2802 2nd St, Vincennes, IN 47591-1838
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    • Value Estimation by Request
      10,125 SF

      1500 Hart St

      RETAIL STORES (PERSONAL SERVICES) • 10,125 SF
      1500 Hart St, Vincennes, IN 47591-5517
      View Details
    • Value Estimation
      $305,000
      2,960 SF

      211 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,960 SF
      211 Main St, Vincennes, IN 47591-1208
      View Details
    • Value Estimation
      $405,000
      15,352 SF

      701 Main St

      RETAIL STORES (PERSONAL SERVICES) • 15,352 SF
      701 Main St, Vincennes, IN 47591-2909
      View Details
    • Value Estimation
      $460,000
      13,048 SF

      1023 Main St

      RETAIL STORES (PERSONAL SERVICES) • 13,048 SF
      1023 Main St, Vincennes, IN 47591-2915
      View Details

    Similar Nearby for Sale

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      Kimmell Plaza Retail Center

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      Vincennes Retail Center - Prime Location

      High-Visibility Retail Space Available in Indiana
      601 College Ave, Vincennes, IN 47591
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    • $15 SF/Yr
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      Kimmell Crossing Retail Space

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    601 College Ave
    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
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