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    312 NW Martin Luther King Jr Blvd Evansville, IN 47708

    For Sale
    $595,000

    Fully occupied, renovated office building in downtown Evansville, Indiana.

    Property size:
    15,840 SF

    Property Features for 312 NW Martin Luther King Jr Blvd

    General Information

    Size
    15,840 SF

    Building Details

    Year built
    1957

    Source: Matt Kiefer Agent Matt Kiefer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Evansville Office Building Investment Opportunity

    This 15,840 square foot office building, located in downtown Evansville, Indiana, presents an investment opportunity. Constructed in 1957 and renovated in 2016, the property features 14 suites and is currently 100% occupied. The building is zoned C-4. Located on Martin Luther King Jr. Blvd., the property benefits from a central location on the edge of downtown. The suites may be modified to suit tenants' needs, and are built out with numerous private offices or left open for a modern feel. The property provides on-site parking for tenants and clients. The building is located two blocks from Ford Center, Main Street, and Civic Center. The roof is scheduled to be replaced in June 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vick Strategic Business Management Consultant VeriScreen Comprehensive Background ... Consultant Jack R Kinkel ... Architect Ideal Roofing Roofing Contractor Croft Appraisal Group, ... Real Estate Appraiser

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.57021
    Latitude
    37.976009

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    FAQs

    What type of property is this?
    Office building - Fully occupied, renovated office building in downtown Evansville, Indiana.
    Where is this office building located?
    The property is located at 312 NW Martin Luther King Jr Blvd Evansville, IN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Provides immediate and stable income stream; - Prime Downtown Location: Enjoy centrally located with easy access to key amenities and businesses; - Diversified Tenant Mix: 14 suites offer a variety of tenants, reducing risk
    (812) 499-8770
    Request Owner's contact information
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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
    312 NW Martin Luther King Jr Blvd Evansville, IN 47708
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