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Hotel-Motel

Proposed 13.8 Acre Mixed-Use Development

4915 E Margaret Dr, Terre Haute, IN 47803

Listing Price: Request For Offer

Lot Size
13.80 acres
Land Type
Land

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the proposed 13.8-acre Mixed-use development opportunity in Terre Haute, Indiana. The project is located along East Margaret Drive and is offered for sale on a "call for offers" basis. Terre Haute is the residing county seat of Vigo County, Indiana, and is located about 32 miles southwest of the Indianapolis–Carmel–Anderson metropolitan area (MSA). The developable land is located midway between Indianapolis, Indiana and Decatur, Illinois near the state border. Terre Haute, Indiana is a strong draw for tourists, families, business and hospital guests, and visitors to the city's educational facilities. Indiana State University (ISU) is a public university in Terre Haute, Indiana. It was founded in 1865 and offers over 100 undergraduate majors and more than 75 graduate and professional programs. The IU School of Medicine is one of the more prestigious programs on campus. The university houses 7,700+ students and hosts many events, such as the annual tandem bicycle race which attracts students and alumni to the area. Indiana State University Sycamores are part of the NCAA Division I Missouri Valley Conference. This site is just minutes from a variety of local attractions, including downtown Terre Haute, which features specialty shops, local boutiques, and several dining hotspots. The development site nearby national retailers, fast food restaurants, and commercial businesses such as Wal-Mart, Mcdonald's, Taco Bell, Verizon, FedEx, First Financial Bank, Home2 Suites & Holiday Inn Express & Suites. Major companies such as Rose Hulman, Bemis, Sony/DADC, Simonton Windows, & Ivy Hill are top employers in the area. Additional demand generators include Saint Mary of the Woods, Riverside Plaza Shopping Center and Honey Creek Mall, and Rea Park Golf Course.

Investment Highlights

  • Fee-Simple Interest in 13.8 acres in Terre Haute, Indiana located at the interchange of interstate 70 and highway 40
  • Situated in a highly trafficked area of Terra Haute, the land is in an ideal location for development, Providing Direct Access to National Retailers, Restaurants, and Hotels.
  • Favorably Zoned with a C-5 Zoning designation - General Central Business District (CBD) provides optimal flexibility for development
  • Nearby Demand Drivers Include Rose Hulman, Saint Mary of the Woods, Riverside Plaza Shopping Center and Honey Creek Mall, Rea Park Golf Course
  • Offered Unencumbered by any leases and Debt, Free and Clear of All Liens
  • The Queen of Terre Haute Resort is Projected to Open in Late 2023 and be Located Directly Across from the Hotel

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Hotel-Motel

Proposed 13.8 Acre Mixed-Use Development

Listing Price: Request For Offer

Lot Size
13.80 acres
Land Type
Land

Investment Highlights

  • Fee-Simple Interest in 13.8 acres in Terre Haute, Indiana located at the interchange of interstate 70 and highway 40
  • Situated in a highly trafficked area of Terra Haute, the land is in an ideal location for development, Providing Direct Access to National Retailers, Restaurants, and Hotels.
  • Favorably Zoned with a C-5 Zoning designation - General Central Business District (CBD) provides optimal flexibility for development
  • Nearby Demand Drivers Include Rose Hulman, Saint Mary of the Woods, Riverside Plaza Shopping Center and Honey Creek Mall, Rea Park Golf Course
  • Offered Unencumbered by any leases and Debt, Free and Clear of All Liens
  • The Queen of Terre Haute Resort is Projected to Open in Late 2023 and be Located Directly Across from the Hotel

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the proposed 13.8-acre Mixed-use development opportunity in Terre Haute, Indiana. The project is located along East Margaret Drive and is offered for sale on a "call for offers" basis. Terre Haute is the residing county seat of Vigo County, Indiana, and is located about 32 miles southwest of the Indianapolis–Carmel–Anderson metropolitan area (MSA). The developable land is located midway between Indianapolis, Indiana and Decatur, Illinois near the state border. Terre Haute, Indiana is a strong draw for tourists, families, business and hospital guests, and visitors to the city's educational facilities. Indiana State University (ISU) is a public university in Terre Haute, Indiana. It was founded in 1865 and offers over 100 undergraduate majors and more than 75 graduate and professional programs. The IU School of Medicine is one of the more prestigious programs on campus. The university houses 7,700+ students and hosts many events, such as the annual tandem bicycle race which attracts students and alumni to the area. Indiana State University Sycamores are part of the NCAA Division I Missouri Valley Conference. This site is just minutes from a variety of local attractions, including downtown Terre Haute, which features specialty shops, local boutiques, and several dining hotspots. The development site nearby national retailers, fast food restaurants, and commercial businesses such as Wal-Mart, Mcdonald's, Taco Bell, Verizon, FedEx, First Financial Bank, Home2 Suites & Holiday Inn Express & Suites. Major companies such as Rose Hulman, Bemis, Sony/DADC, Simonton Windows, & Ivy Hill are top employers in the area. Additional demand generators include Saint Mary of the Woods, Riverside Plaza Shopping Center and Honey Creek Mall, and Rea Park Golf Course.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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