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    The Promenade Development Evansville, IN

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    For Sale
    $512,300

    215-acre mixed-use development land in Evansville, Indiana.

    Property size:
    170 SF
    Lot size:
    170.00 Acres

    Property Features for The Promenade Development

    General Information

    Size
    170 SF
    Lot size
    170.00 Acres

    Source: Chris Stuard Agent Chris Stuard

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

    Overview

    Promenade Mixed-Use Development Land

    The Promenade is a 215-acre mixed-use development located in Evansville, Indiana's eastside commercial district, near N. Burkhardt Road and I-69. This development is designed as a hub for commercial and leisure activities for Evansville and the surrounding 28 counties within a 75-mile radius. It is planned as a full-scale lifestyle development, combining quality living conveniences, residential accommodations, hospitality options, and shopping and dining experiences. The development incorporates recreational venues and aesthetic elements such as landscaping, parks, water features, and a downtown streetscape atmosphere. The commercial functionality of the development will be enhanced by these features, creating a sophisticated style with hometown charm and suburban space. Costco outlots, box, and shopping center sites are available within the development. It is intended as a live-work-play, high-end mixed-use development with a range of sizes and uses available.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5699999
    Latitude
    37.97

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    FAQs

    What type of property is this?
    Land - 215-acre mixed-use development land in Evansville, Indiana.
    Where is this land located?
    The property is located at The Promenade Development Evansville, IN.
    What is the asking price?
    The asking price for this property is $512,300.
    What are key features of this property?
    This property features: - Only planned mixed-use, full-scale lifestyle development in Southwest Indiana and the Tri-State region.; - Located in Evansville, Indiana's flourishing eastside commercial district along N. Burkhardt Road and I-69.; - Designed to be the hub of commercial and leisure activity for Evansville and the surrounding 28 counties within a 75-mile radius.
    (812) 589-3368
    Request Owner's contact information
    The Promenade Development Evansville, IN
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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

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    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
    The Promenade Development Evansville, IN
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