Property profile

788 3rd St Terre Haute, IN 47807

OFF-MARKET
Office Spaces
Property ID
US31-2310124
13,056 SF 0.35 ac lot Built 1970
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 788 S 3rd Street in Terre Haute, Indiana, presents a unique investment opportunity. Situated on approximately one acre of land (43,560 sq ft) in the heart of downtown Terre Haute, this office building boasts 13,058 square feet of versatile space. Currently configured with multiple private offices, two break rooms/kitchens, and a variety of meeting spaces to accommodate diverse needs, the building also includes five restrooms and a convenient elevator. A large reception area and open workspace provide ample room for collaboration and individual work. The property includes 70 existing parking spaces with potential for additional parking. The building's location on US Highway 41 ensures high visibility and accessibility. Previously utilized as an office building with additional rentable suites, this property offers significant potential for a variety of commercial uses. The substantial lot size and existing infrastructure make this a highly attractive investment opportunity in a thriving downtown location. The asking price is $885,000.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1970
Construction TYPE NOT SPECIFIED
Total area 13,056 SF
Lot 0.35 ac (15,369 SF)
APN 84-06-28-253-002.000-002
UPID US31-2310124

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Physician
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

788 3rd St Terre Haute, IN 47807-4608
Terre Haute metro Census 11101 TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$738k
Blend (final) Blend
$275k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2024
Price N/A
2023
Price N/A
2023
Price N/A
2010
$300,000

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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