3051 S US Highway 41
Office
for Sale
| Catylist Listing ID: |
30827322 |
| Property Subtypes: |
Medical, Office Building
|
| Building Size (RSF): |
6,886 SF
|
| Gross Land Area: |
0.58 Acres
|
| Sale Price: |
$1,100,000 |
| Unit Price: |
$159.74 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Class of Space: |
Class C |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/18/2023 |
Overview / Comments
|
Freestanding building at the NWC of US Hwy 41 and I-70 for lease or sale. The property has excellent visibility to US Hwy 41 and I-70. The property has 2 curb cuts: 1 on US Hwy 41 (right-in, right-out) and 1 on Margaret Avenue. The property has surface parking and a pylon sign with exposure to US Hwy 41. The property would work for a retail medical or office medical user. Combined traffic count of 57,406 vehicles per day.
|
Financials
| Finance Data Year |
2015 |
| Real Estate Taxes - Annual($) |
$16,215 (Annual) |
| Tax Value Land |
$13,600 |
| Tax Value Improvements |
$526,900 |
| Assessed Value - Total($) |
$540,500 (Annual) |
| Finance Data Year |
2013 |
| Real Estate Taxes - Annual($) |
$15,663 (Annual) |
| Tax Value Land |
$13,000 |
| Tax Value Improvements |
$509,100 |
| Assessed Value - Total($) |
$522,100 (Annual) |
| Finance Data Year |
2011 |
| Real Estate Taxes - Annual($) |
$9,111 (Annual) |
| Tax Value Land |
$14,800 |
| Tax Value Improvements |
$288,900 |
| Assessed Value - Total($) |
$303,700 (Annual) |
| Finance Data Year |
2010 |
| Real Estate Taxes - Annual($) |
$8,796 (Annual) |
| Tax Value Land |
$14,500 |
| Tax Value Improvements |
$278,700 |
| Assessed Value - Total($) |
$293,200 (Annual) |
| Finance Data Year |
2009 |
| Real Estate Taxes - Annual($) |
$8,211 (Annual) |
| Tax Value Land |
$13,500 |
| Tax Value Improvements |
$260,200 |
| Assessed Value - Total($) |
$273,700 (Annual) |
Additional Details
| Nearest MSA: |
Bloomington |
| County: |
Vigo |
| Submarket/Township: |
Honey Creek |
| Submarket Type: |
Suburban |
| Taxing Authority: |
Vigo County |
| Tax ID/APN: |
84-09-04-201-004.000-005 |
| Zoning: |
C-3 COMMERCIAL GATEWAY |
| Property Located Between: |
I-70 and Margaret Avenue |
| Property Visibility: |
Excellent |
| Highway Access: |
I-70 |
| Airports: |
Terre Haute Regional |
| Site Description: |
Freestanding building at the NWC of US Hwy 41 and I-70 for lease or sale. The property has excellent visibility to US Hwy 41 and I-70. The property has 2 curb cuts: 1 on US Hwy 41 (right-in, right-out) and 1 on Margaret Avenue. The property has surface parking and a pylon sign with exposure to US Hwy 41. The property would work for a retail medical or office medical user. Combined traffic count of 57,406 vehicles per day. |
| Area Description: |
Terre Haute, Indiana is located in West Central Indiana just east of the Illinois border. Terre Haute is approximately 75 minute drive from Indianapolis, Indiana and Champaign, Illinois. Terre Haute is a super-regional retail trade area serving 13 counties in West Central Indiana and East Central Illinois. Because of favorable sales tax advantages many Illinois residents shop in Terre Haute. Terre Haute is also home to 4 higher-education institutions: Indiana State, Rose Hulman, Saint Mary of the Woods and Ivy Tech. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
3,443 SF |
| Year Built: |
1991 |
| Roof Type: |
Other |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Total Parking Spaces: |
21 |
| Zoning Description: |
C-3 Commercial Gateway allows office/medical uses and some retail uses. |
| Lot Frontage: |
168 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
PRT W-1/2 NE D-441/867 4-11-9 .578 AC |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,533 |
43,650 |
77,808 |
| Median Age: |
35.1 |
34.75 |
35.18 |
| Households: |
3,518 |
16,034 |
29,526 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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