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701 S 13th Street

Vincennes, IN, 47591

  • Price $329,000
  • Sq. Ft.8750
  • MLS #202502044
Mixed use investment would be a true description of this income producing property! This is a Metal Span building with opportunity for multiple businesses under one roof. The property is currently divided up into 6 different units, 4 of those are tenant occupied. The front unit was formerly a firearms dealer, with showroom space, office area, half bathroom, extra warehouse attic storage above the showroom, and an additional workshop and warehousing area with 10 foot overhead door. There is a unit that is currently a retail shop, but could also be office space. We have another unit that could house up to 7 offices, a reception area and half bathroom, but is currently being used as storage for the owner. Unit 3A is a 10 foot over head door with 41x25 shop space and more extra attic storage. Unit 3B is currently rented and is a 27x24 Shop space with 10 foot overhead door and normal entry door. Unit 4 was formerly a retail location with over 1500 SF of space and subdivided into offices at this time. Good rental income, paired with the strength of metal span girders, ensures that this investment is ready for the future!
County
Knox County
Lot Size
0.3200
Year Built
1978
Sq, ft. finished
8,750sq. ft (approx.)
Subdivision
Other
Annual Taxes
4718.92
IDX information provided by the Indiana Regional MLS
Listing provided courtesy of Tyler Simmons of KLEIN RLTY&AUCTION, INC., 812-890-1827.

    Beth Hicks

    Realtor
    Cell: (812) 890-2366

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Testimonial

Tyler was amazing and always got back with me about questions that I had or steps that came next in such a fast manner. His experience and personal touch definitely made selling my home a lot less stressful.
Ray Thomas

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Frequently asked questions

What is the Difference between Sale Price & Assessment?
Here is one of the most commonly asked questions at Assessment Notice time: We recently purchased a property, why is it assessed at a different price then the purchase price? This could be due to a couple of reason: First, the motivation of the buyers and sellers can affect sale price. Therefore, when very similar properties are sold during the same time frame, a range of sale prices can result. The market value assessment reflects sales in the middle of this range of prices. As a result, the assessment could be higher or lower than a specific selling price. Second, market values may have changed between valuation day and the date you made your purchase. For example, in some areas, market values have increased since January 1. If this has happened in your area and you  have only recently purchased your property, it is possible that your assessment, while representative of your type of home 3 or 4 months ago, will be lower than your purchase price. The purpose of the assessment roll is not to reflect a single sale price, but to assess all properties at market value on the same valuation date, so that taxation is fairly and uniformly shared.

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Disclaimer

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

Listing Data updated: March 9, 2025, 11:30 am
IDX information provided by the Indiana Regional MLS