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46,182sqft 4.8acre Redevelopment 1137 3rd Ave 46,182 SF 100% Leased Retail Building Terre Haute, IN 47807 $1,744,000 CAD ($37.76 CAD/SF)
INVESTMENT HIGHLIGHTS
- C-5 zoning offers maximum flexibility — ideal for retail, flex, or climate-controlled storage redevelopment.
- High-visibility corner site near downtown and ISU with 195 parking spaces and multiple access points.
- Potential state and local tax incentives may be available to support and enhance the redevelopment of this project.
- Large building footprints (±45,600 SF) allow cost-efficient conversion vs. new construction.
- Strong market fundamentals — rising demand for modern retail, service, and storage uses in Terre Haute’s growth corridor.
EXECUTIVE SUMMARY
FOR SALE – Redevelopment Opportunity | 1140 Locust St & 1137 3rd Ave, Terre Haute, IN
Two adjoining commercial parcels totaling over 45,000 square feet of building space available for redevelopment in Terre Haute’s urban core. These properties will be sold together, offering a rare opportunity for a large-scale commercial project with exceptional flexibility and visibility.
Property Details:
- 1140 Locust St: Approx. 42,000 SF solid brick building, previously operated as a supermarket.
- 1137 3rd Ave: Approx. 3,600 SF brick building with excellent structural integrity.
- Zoning: C5 – wide-open commercial zoning allowing nearly all commercial uses (excluding multi-family).
- Total Acreage: Combined parcels provide ample space for redevelopment or outdoor storage.
Highlights:
- Excellent access and visibility in a central Terre Haute location.
- Strong structural bones—both buildings are solid brick construction, ideal for adaptive reuse.
- Perfect candidate for climate-controlled self-storage, flex industrial, retail redevelopment, or mixed commercial use.
- Large parking and lot area providing flexibility for additional storage or expansion.
- Multiple possible tax incentive available for developers.
Whether you’re an investor, developer, or owner-user looking for a versatile commercial site, these properties
provide the foundation for your next project.
Two adjoining commercial parcels totaling over 45,000 square feet of building space available for redevelopment in Terre Haute’s urban core. These properties will be sold together, offering a rare opportunity for a large-scale commercial project with exceptional flexibility and visibility.
Property Details:
- 1140 Locust St: Approx. 42,000 SF solid brick building, previously operated as a supermarket.
- 1137 3rd Ave: Approx. 3,600 SF brick building with excellent structural integrity.
- Zoning: C5 – wide-open commercial zoning allowing nearly all commercial uses (excluding multi-family).
- Total Acreage: Combined parcels provide ample space for redevelopment or outdoor storage.
Highlights:
- Excellent access and visibility in a central Terre Haute location.
- Strong structural bones—both buildings are solid brick construction, ideal for adaptive reuse.
- Perfect candidate for climate-controlled self-storage, flex industrial, retail redevelopment, or mixed commercial use.
- Large parking and lot area providing flexibility for additional storage or expansion.
- Multiple possible tax incentive available for developers.
Whether you’re an investor, developer, or owner-user looking for a versatile commercial site, these properties
provide the foundation for your next project.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
46,182 SF
Building Class
C
Year Built
1980
Price
$1,744,000 CAD
Price Per SF
$37.76 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.22
Lot Size
4.80 AC
Zoning
C5 - Commercial - C-5 zoning in Terre Haute allows a wide range of commercial, office, service, and light industrial uses—ideal for adaptive reuse and redevelopment.
Parking
190 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
290’ on 3rd Avenue
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $569,011 CAD | |
| Land Assessment | $130,801 CAD | Total Assessment | $699,812 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$130,801 CAD
Improvements Assessment
$569,011 CAD
Total Assessment
$699,812 CAD
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46,182sqft 4.8acre Redevelopment | 1137 3rd Ave
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