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.