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Property profile & analytics
FOR SALE
Showrooms

2409 Chestnut St Vincennes, IN 47591

7,357 SF 0.19 ac lot Built 1983
Individually Owned Free & Clear
Property ID
US31-0893441
Property summary
AI-generated overview

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

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1983
Construction WOOD
Total area 7,357 SF
Lot 0.19 ac (8,320 SF)
APN 42-12-15-401-043.000-022
UPID US31-0893441
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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
DAVID A TOTH
DAVID A TOTH
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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