3401 Us Hwy 41 Terre Haute, IN 47802-4154

Property Details for 3401 Us Hwy 41

Lot size

0.78 lot acres

Property type

Commercial land

APN

84-09-04-176-016.000-005

APU

840904176016000005

Description

This exceptional 668,007-square-foot shopping center in Terre Haute, Indiana, presents a compelling investment opportunity. Priced at $17,250,000 ($25.82/SF), the property boasts a strong anchor tenant lineup including JC Penney and Vendor’s Village, complemented by secondary anchors like Shoe Dept. Encore, Ulta, and TGI Friday's. A diverse range of inline tenants such as American Eagle, Hollister Co., and Bath & Body Works contribute to the center's appeal. While currently at 53.2% occupancy, significant upside potential exists within the 312,761 square feet of vacant space, primarily located in anchor spaces. The property sits on a substantial 58.5-acre lot, strategically positioned at 3401 S US Hwy 41, Terre Haute, IN 47802, offering excellent visibility and accessibility via three curb cuts along US 41 and proximity to the I-70/US 41 interchange. The surrounding area demonstrates strong demographics, with average household incomes exceeding $57,577 within three miles and robust daily traffic counts on I-70 and US 41. The property benefits from its location within a thriving retail corridor featuring major national brands and is ideally situated near a significant concentration of colleges and universities. The owner controls all parcels, eliminating potential redevelopment obstacles and presenting a unique opportunity for long-term growth and redevelopment given its interstate visibility and contiguous land. Built in 1968, this property offers a rare combination of established tenancy and substantial redevelopment potential.