1137 3rd Ave - Supermarket FOR SALE


Terre Haute, IN 47807- Downtown Terre Haute
$1,250,000 USD
812-498-3335
1137 3rd Ave, Terre Haute, IN for Sale
$1,250,000 USD
Supermarket - FOR SALE
1/10
null | Request Cap Rate

1137 3rd Ave
Terre Haute, IN 47807
Downtown Terre Haute


HIGHLIGHTS

  • C-5 zoning offers maximum flexibility — ideal for retail, flex, or climate-controlled storage redevelopment.
  • Large building footprints (±45,600 SF) allow cost-efficient conversion vs. new construction.
  • High-visibility corner site near downtown and ISU with 195 parking spaces and multiple access points.
  • Strong market fundamentals — rising demand for modern retail, service, and storage uses in Terre Haute’s growth corridor.
  • Potential state and local tax incentives may be available to support and enhance the redevelopment of this project.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

46,182sqft 4.8acre Redevelopment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Storefront Retail/Office, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

4.8 AC

LAND SF

209,088 SF

ZONING

C5 - Commercial

APN/PARCEL ID

84-06-15-382-001.000-002,84-06-15-382-005.000-002

ASK ABOUT THIS PROPERTY

Jared RicheyBreeden Commercial, LLCMore Info
812-498-3335

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Jared RicheyBreeden Commercial, LLCMore Info
812-498-3335

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.