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Property profile & analytics
OFF-MARKET
Specialty properties

505 Main St Vincennes, IN 47591-2007

14,187 SF 0.24 ac lot Built 1812
Entity Owned Absentee Owner Free & Clear
Property ID
US31-0870089
Property summary
AI-generated overview

This exceptional 11,067 square foot creative office space, located at 505 Main St in the heart of historic Vincennes, Indiana, presents a unique investment opportunity. The property, situated on a 0.361-acre lot, boasts a prime downtown location with the added benefit of its own dedicated parking and garage, a rare find in such a desirable area. The building, constructed in 1812, is a three-story Class B structure with a C-2 permitted zoning classification. Currently vacant, this property offers immense potential for a variety of uses, capitalizing on its central location and substantial square footage. The asking price is $349,900, translating to a price per square foot of $31.62. The property's APN is 42-12-21-308-006.000-022. With its rich history and strategic location, this property is poised for significant return on investment. The ample space and convenient parking make it an ideal location for a variety of businesses seeking a prominent downtown presence. The property's unique character and potential for adaptive reuse make it a truly exceptional opportunity in the vibrant city of Vincennes. Serious inquiries are encouraged.

Property profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1812
Construction WOOD
Total area 14,187 SF
Lot 0.24 ac (10,672 SF)
APN 42-12-21-308-006.000-022
UPID US31-0870089
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
Current use
Occupant on record · Public records
  • Goodwin-Sievers Funeral Home Gardner Brockman Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
GOODWIN FAMILY FUNERAL HOME INC
GOODWIN FAMILY FUNERAL HOME INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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