Property profile

2470 Maranatha Ln Vincennes, IN 47591

OFF-MARKET
Commercial land
Property ID
US31-1194736
0.39 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 2470 Maranatha Lane in Vincennes, Indiana, presents a unique investment opportunity. Boasting approximately 3,600 square feet of well-designed space, this building is ideally situated off 6th Street, providing convenient highway access and excellent visibility. The property features a welcoming reception area, two spacious showrooms perfect for showcasing products or services, multiple private offices for administrative needs, a comfortable break room, and two bathrooms – one complete with a shower. A substantial 28x60 warehouse area is complemented by a 17x60 loft space, offering ample storage and potential for various uses. Access to the warehouse is facilitated by a 12-foot overhead door. Further enhancing the property's functionality is a large 71x11 garage space with an attached storage room. The 0.89-acre lot provides ample parking for customers and employees, and the property benefits from significant road frontage. Its strategic location is surrounded by established commercial businesses, including Dollar General, American Rentals, Taco Bell, McDonald's, and Culligan Water, ensuring high traffic and visibility. This property offers significant potential for a variety of commercial ventures.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.39 ac (16,988 SF)
APN 42-12-15-403-005.000-022
UPID US31-1194736

Cap rate & NOI

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

Location

2470 Maranatha Ln Vincennes, IN 47591-2481
Vincennes metro Census 955300 VINCENNES, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

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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