1600 Springhill Dr, Terre Haute, IN 47802-4363
This exceptional Terre Haute commercial property, located at 1600 E Springhill Drive, Vigo County, IN 47802, presents a unique investment opportunity. The 4,034 square foot office building sits on a spacious 24,393 square foot lot and is ideally suited for a variety of businesses. Recent upgrades significantly enhance its value and functionality. A newly installed HVAC system ensures efficient climate control, while a modern security system with new cameras prioritizes safety and security. The interior boasts a thoughtfully designed layout, including six exam rooms (one equipped for radiation), suggesting potential for a healthcare practice. Employee and visitor comfort is maximized with two breakrooms, multiple waiting rooms, and ample bathrooms. Additional features include a full bathroom and kitchen on the second floor, offering versatility and convenience. Parking is abundant with a two-car garage and 23 additional parking spaces. Reliable internet connectivity is provided by Joink Internet. Recent improvements also include brand new carpeting throughout and a recently resealed parking lot. This well-maintained property offers a combination of functionality, comfort, and security, making it an attractive investment opportunity in a desirable location.
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Union Hospital Medical Group Dental Office
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Good Look Ink Hair Salon
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Randall Lee Oliver Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.