423 Main Street Rd Vincennes, IN 47591
For Sale
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Position your business in the heart of Downtown Vincennes on Indiana’s historic First Main Street. This well-located two-story brick commercial building offers approximately 5,000 square feet of versatile space with a long history of successful retail use dating back to the early 1900s. The main level features nearly 1,900 square feet of retail space, highlighted by 14-foot ceilings, built-in shelving, and a large Main Street display window providing excellent visibility and natural light. An additional 694 square feet of garage/storage space with an overhead door offers convenient alley access for deliveries or inventory. The finished basement provides over 600 square feet of additional usable space, ideal for storage, workspace, or office use. A 13’ x 14’ mezzanine office includes a half bath, while the upper loft area of approximately 1,460 square feet presents excellent potential for additional retail, or office space. With its prominent downtown location, flexible layout, and substantial square footage, this property is well-suited for retail, office, or mixed-use possibilities and represents a strong opportunity for an owner-occupant or investor looking to establish a presence in Downtown Vincennes.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.