2409 Chestnut St Vincennes, IN 47591
For Sale
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This exceptional industrial property, located at 2409 Chestnut Street in Vincennes, Indiana, presents a compelling owner-user opportunity. The property encompasses 14,333 square feet across two single-story buildings constructed in 1983 and 2007, situated on a 0.383-acre lot. The buildings boast a versatile layout, featuring ceiling heights ranging from 14 to 23 feet, ideal for various industrial uses. The property includes one loading dock with one dock-high door, providing efficient loading and unloading capabilities. Zoned C-2, this property offers ample indoor and outdoor vehicle parking, enhanced by exterior lighting and protective steel bollards around the dock and overhead doors. Its strategic location, three blocks south of Lenex Steel and Schott Glass, six blocks northeast of Vincennes University, and less than a mile west of the US Highway 50/US Highway 41 interchange, provides excellent access to transportation networks and a skilled workforce. The asking price is $325,000, translating to $22.67 per square foot. Existing racking and shelving are available for purchase, with a 60-day vacancy period for the current owner. The property's APN is 42-12-15-401-013.000-022
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.