Historic Siegel's Building For
For Sale
Contact for pricing
101 Southeast 4th Street, Evansville, IN 47708
Flexible commercial space in downtown Evansville, suitable for various uses.
Property Size16,810 SF
Days on Market211
Property Features for 101 Southeast 4th Street
General Information
Standard status
Active
Size
16,810 SF
Property subtype
Retail
Zoning
C-3
Lease Term
NNN
Site & Location
Neighborhood
Downtown
Building Details
Building Size
16,810 SF
Year Built
1899
Properties For Sale
at 101 Southeast 4th Street Contact us101 SE 4th St Second Floor
Size
8,405 SF
Type
Office Building
Term
Negotiable
101 SE 4th St
Size
8,405 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
SVN | The Martin Group
Listed By:
Chris Stuard · License #KY #209677
(812) 589-3368
Source:
Svn
Added: Apr 1
Changed: Oct 27
Last Checked: Oct 28 at 6:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | The Martin Group
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Investment Insights
Based on property information with market context.
The historic Siegel’s Building presents an opportunity to acquire flexible commercial space in downtown Evansville. The property features classic architectural details and a strong street presence. It is suitable for a range of users, including retail, boutiques, office, medical office, or law practices. The building is located in a growing downtown corridor.
Key Highlights
- Flexible commercial space suitable for retail, office, or medical use.
- Located in the heart of downtown Evansville.
- Historic building with classic architectural details.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,988
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,559,760
$4.6M
Cap Rate 7%
$3,256,971
$3.3M
Cap Rate 9%
$2,533,200
$2.5M
Market Conditions
NOI Build-Up for 16,810 SF
Gross rent
$363.1K $21.60/SF
− Vacancy
−$37.4K −$2.22/SF
EGI
$325.7K $19.38/SF
− OpEx
−$97.7K −$5.81/SF
NOI
$228.0K $13.56/SF
Area
Evansville, IN
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,559,760
Cap Rate 7%
$3,256,971
Cap Rate 9%
$2,533,200
Alternative Uses
Best Use
Retail
$3.26M
$2.85M – $3.80M
NOI $227,988 @ 7.0% cap · market cap 2,072,618.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $292,123 @ 7.0% cap · market cap 2,655,663.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 47708, IN
501
Population
538
Households
0.9
Avg Household Size
39
Median Age
46%
College-Educated
91%
High-School Grad
0.6 sq mi
ZIP Area
835
Density / Sq Mi
$55,436
Median Household Income
$47,750
Median Earnings
$1,154
Median Rent
$241,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space in downtown Evansville, suitable for various uses.
Where is this retail space located?
The property is located at 101 Southeast 4th Street Evansville, IN.
What are key features of this property?
This property features: Flexible commercial space suitable for retail, office, or medical use.; Located in the heart of downtown Evansville.; Historic building with classic architectural details.
