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848 W Johnson Dr 13,579 SF 100% Leased Retail Building Terre Haute, IN 47802 $925,000 ($68.12/SF)
Investment Highlights
- Established Lazer Tag Entertainment Business Included with Sale
- Multiple Income Streams & Lease-Up Potential
- Metal-Frame Commercial Building – Built in 2005
- Professional Office Space
- Value-Add / Owner-User / Investment Opportunity
- 1-Bedroom / 2-Bath Residential Unit
Executive Summary
Unique business and real estate investment opportunity! Offered at $925,000, this 15,431 SF multi-use commercial property features an established Lazer Tag entertainment business included with the sale, existing rental income, residential space, and additional commercial space. Built in 2005, the metal-frame retail building offers a versatile layout with approximately 9,100 SF utilized by the Lazer Tag operation. The property also includes a leased Paw Spa, a 1-bedroom/2-bath residential unit, an owner-occupied insurance office, an additional vacant commercial suite and miscellaneous storage space. The Lazer Tag business has an established operating history and provides an excellent opportunity for an owner-operator. Priced at approximately $60/SF with the operating business included, this property offers multiple income streams, flexible use and additional value-add potential. Ideal for an investor, entrepreneur, or owner-user seeking commercial real estate with an established business and diversified income potential. Financial information is available to qualified buyers upon execution of a NDA. Schedule a showing Today!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$7,373
|
$0.54
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,373
|
$0.54
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $7,373 |
| Annual Per SF | $0.54 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,373 |
| Annual Per SF | $0.54 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,579 SF
Building Class
B
Year Built
1980
Price
$925,000
Price Per SF
$68.12
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
2.00 AC
Zoning
C - Commercial
Parking
50 Spaces (3.68 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 84-09-05-400-021.000-004 | Total Assessment | $297,100 |
| Land Assessment | $142,800 | Annual Taxes | $7,373 ($0.54/SF) |
| Improvements Assessment | $154,300 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
84-09-05-400-021.000-004
Land Assessment
$142,800
Improvements Assessment
$154,300
Total Assessment
$297,100
Annual Taxes
$7,373 ($0.54/SF)
Tax Year
2025 Payable 2026
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848 W Johnson Dr