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

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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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