15%+ Cap Rate! | Terre Haute Plaza | Value-Add Investment Property

Highlights:

• Strong performing +-30,000 SF neighborhood retail plaza located in Terre Haute, Indiana
• In-Place NOI in excess of $156,000 at current occupancy
• ±72% occupied by Family Dollar and Grifols/Biomat USA Plasma Donation Center (tenants at the property for 20+ and 30+ years)
• ±8,400 SF available, suitable for storage or warehouse users
• Located in close proximity to Indiana State University, Downtown Terre Haute, and Union Health Medical Center
• ±75,000 people reside within a 5-mile radius with average household incomes exceeding $60,000 annually

Description:

Friedman Real Estate, in collaboration with RI Marketplace, is pleased to offer the exclusive marketing and sale of Terre Haute Plaza, a strong performing ±30,000 SF neighborhood retail plaza located in Terre Haute, Indiana. The property features a stable in place income stream with in-place NOI in excess of $156,000 and offers investors the opportunity to acquire a cash flowing retail asset anchored by long term, credit tenants.

The center is currently ±72% occupied by Family Dollar and Grifols Biomat USA Plasma Donation Center, both of which have operated at the property for more than 20 years and 30 years, respectively, demonstrating long term commitment to the location. Approximately ±8,400 SF remains available and is well suited for storage, warehouse, or light industrial users, providing clear upside through lease up.

The property is strategically located near Indiana State University, Downtown Terre Haute, and Union Health Medical Center, benefiting from consistent daily traffic and strong surrounding demand drivers. Approximately 75,000 residents live within a 5-mile radius, with average household incomes exceeding $60,000 annually, supporting long term retail and service-oriented tenant demand.


Location Overview
Located at 1122-1132 Locust Street, Terre Haute Plaza is positioned near Downtown Terre Haute within an established infill corridor characterized by dense residential neighborhoods and long-standing service oriented tenancy. The area benefits from proximity to Indiana State University, Union Health Medical Center, and the central business district, which collectively drive consistent daily traffic and local spending.

Terre Haute serves as a regional hub for western Indiana and eastern Illinois, supported by a diversified economic base anchored by education, healthcare, manufacturing, logistics, and government services. The city offers strong regional connectivity via US 40, US 41, and I 70, providing efficient access throughout the Wabash Valley and supporting sustained consumer and commuter traffic.

The property benefits from convenient access to major thoroughfares and surrounding residential rooftops, employment centers, and daily needs retail. The immediate trade area supports stable neighborhood retail performance driven by established demographics, solid household incomes, and consistent traffic patterns.


For more information:
https://rimarketplace.com/auction/3243/retail/terre-haute/in?utm_source=brevitas&utm_medium=listing_free&utm_campaign=july15_2026&utm_content=retail_3243

Bidding Opens
Jul 14, 2026 12:00 AM
Bidding Ends
Jul 16, 2026 12:00 AM