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Executive Summary

Positioned for versatility and long-term value, this 11,462 sq ft steel building, built in 2011, presents a standout opportunity for investors and owner-users alike. The expansive main area offers seating capacity for up to 440—ideal for a church, event venue, or large-scale gatherings—while a dedicated basketball gymnasium, open-concept space, and multiple private rooms provide flexibility for offices, classrooms, or income-producing suites. An additional 1,387 sq ft upper level enhances functionality for offices, storage, or viewing. Fully heated and cooled for year-round comfort, the property features 18 ft ceilings, 50 paved and lighted parking spaces, and 368 ft of road frontage on .74 acres, zoned C-2 with city utilities, and conveniently located near I-70 and US 41.

Property Facts

Price $829,000
Price Per SF $72.39
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Showroom
  • General Retail Freestanding
  • Industrial Warehouse
  • General Retail Health Club
Building Class C
Lot Size 0.50 AC
Rentable Building Area 11,452 SF
No. Stories 2
Year Built 2011
Tenancy Single
Parking Ratio 4.37/1,000 SF
Clear Ceiling Height 18’
Zoning C-2 - Commercial

Amenities

  • Signage
  • Air Conditioning
  • Breakroom
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
84-06-33-331-005.000-002
Land Assessment
$17,300
Improvements Assessment
$288,200
Total Assessment
$305,500
  • Listing ID: 37958946

  • Date on Market: 10/6/2025

  • Last Updated:

  • Address: 2509 S 1st St, Terre Haute, IN 47802

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