505 Main St Vincennes, IN 47591-2007
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.
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Goodwin-Sievers Funeral Home Gardner Brockman Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.