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    840 Diamond Ave Evansville, IN 47711

    For Sale
    $399,000

    High-traffic location, 15,360 sq ft, 1.3 acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property in Evansville, Indiana, presents a unique investment opportunity. Situated on a 1.3-acre lot, the building offers a substantial 15,360 square feet of space, encompassing a main floor and a spacious basement. Previously utilized as a bank branch, the layout is highly adaptable and includes a welcoming reception area, several private offices, ample conference rooms, and four restrooms (two on each floor). The basement provides additional office space, a kitchen/breakroom, extensive storage, and two vaults. A significant advantage is the inclusion of two drive-through service lanes, making it ideally suited for businesses such as coffee shops, food franchises, or pharmacies. Alternative uses could include another bank branch, professional offices, or showrooms for tile, bath, or cabinetry. The property also boasts 38 paved parking spaces, ensuring convenient access for employees and customers. Its prime location in a high-traffic area with excellent visibility and proximity to major thoroughfares and the central business district makes this a highly desirable asset for businesses seeking a strong presence in Evansville. The asking price is $399,000.

    Property Features for 840 Diamond Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    56,628 SF

    Building Details

    Year Built
    1968
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diamond Valley Federal ... Federal Credit Union

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.55035
    Latitude
    37.99973

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, 15,360 sq ft, 1.3 acres
    Where is this commercial real estate located?
    The property is located at 840 Diamond Ave Evansville, IN.
    What is the asking price?
    The asking price for this property is $399,000.
    (812) 422-4096
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    840 Diamond Ave Evansville, IN 47711
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