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Historic Boutique Hotel with 16 Rooms

1119 Lincoln Avenue Evansville, IN 47714

New

1119 Lincoln Avenue, Evansville, IN, 47714

$849,000

For Sale

$849,000

COMMERCIAL - Evansville, IN

Property Size9,257 SF

Lot Size2.04 Acres

Price / SF$91.71

AddedJul 15

Days on Market1

Last RefreshJul 15 at 9:06 pm

Property Features for 1119 Lincoln Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Rooms: Basement
Standard status: Active
APN: 82-06-28-015-038.001-027
Lot size: 2.04 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Description: PT MONTICELLO & PT LOT 3 SHANKLINS SUB & ELGIN ARCHERS MONTICELLO
Tax Annual Amount: 7242

Utilities

Cooling system: Multi Units

Building Details

Year built: 1912
Flooring type: Wood, Tile
Roof type: Metal

Listing agent Andros L'Grand License #RB21001061

Listing office KELLER WILLIAMS CAPITAL REALTY 4424 Vogel Rd Suite 300, IN

Listing date Jul 15, 2026

MLS# 202628403

Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This historic limestone property is a 9,257 square-foot landmark built in 1912 and listed on the National Register of Historic Places in 1983. Restored systems include three independent HVAC systems, modernization of plumbing and electrical, and a roof replacement across all structures in 2021, with structural support systems installed in 2023. The interior includes 16 rooms with a layout that provides six expansive suites, including a fully independent third-story unit. Culinary operations are supported by a professional kitchen with quartz surfaces and a commercial-grade six-burner Bertazzoni range, and a tankless water heater. A full bathroom was added to the basement in 2024.

The 2.04-acre site consists of two parcels and includes a dedicated 21-space parking lot. The property also has an electric vehicle charging station and multiple exterior power outlets. Access is described as being moments from the US 41 and Lloyd Expressway cloverleaf.

Outbuildings include a detached carriage house and a substantial 48x34 auxiliary building for secondary operations.

Key Highlights

Historic Boehne House built in 1912, listed on the National Register of Historic Places (1983).
9,257 sq ft property on a 2.04‑acre site (two parcels) with a dedicated 21‑space parking lot and room for expansion.
Interior includes 16 rooms with 6 suites, including a fully independent 3rd story unit with the square footage of an independent home.

Local Financial Insights For Hotel Hospitality

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$155.5k	$16.80
− Vacancy	−$18.7k	−$2.02
EGI	$136.9k	$14.78
− OpEx	−$71.8k	−$7.76
NOI	$65.0k	$7.02

9,257 SF · lease $16.80/SF/yr · vacancy 12.00% · expense 52.50%

Alternative Uses

Best Use

Specialty Retail

$2.19M

$1.92M – $2.55M (±1% cap)

NOI $153,296 @ 7.0% cap · market cap 18.06%

Second Best

Industrial

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,152 @ 7.0% cap · market cap 10.27%

Theoretical Best

Office A

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,867 @ 7.0% cap · market cap 18.95%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Hotels
IN
Evansville
47714
1119 Lincoln Avenue

What type of property is this?

Hotel - Historic limestone hotel offering 16 rooms and a dedicated 21-space parking lot on a 2.04-acre site.

Where is this hotel located?

The property is located at 1119 Lincoln Avenue Evansville, IN.

What is the asking price?

The asking price for this property is $849,000.

What are key features of this property?

This property features: Historic Boehne House built in 1912, listed on the National Register of Historic Places (1983).; 9,257 sq ft property on a 2.04‑acre site (two parcels) with a dedicated 21‑space parking lot and room for expansion.; Interior includes 16 rooms with 6 suites, including a fully independent 3rd story unit with the square footage of an independent home.

1119 Lincoln Avenue Evansville, IN 47714

COMMERCIAL - Evansville, IN

Property Features for 1119 Lincoln Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Hotel Hospitality

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Restored Two-Level Restaurant Lounge

Office Space with Private Entrance

Office Building with Detached Garage

C4 Zoned Automotive Service and Office Building

Retail Building with Outbuilding

Fully Leased Duplex With Two Units

Fourplex with Private Entrances

Fully Leased Duplex Investment

Well-Maintained Duplex with Detached Garage

Remodeled Duplex Investment

4-Unit Multifamily with Detached Home

Four-Unit Residential Income Property

FAQs