Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    344 S Red Bank Rd Evansville, IN 47712

    For Sale
    $164,900

    5+ acre wooded lot suitable for development or commercial use.

    Property size:
    5 SF
    Lot size:
    5.58 Acres

    Property Features for 344 S Red Bank Rd

    General Information

    Size
    5 SF
    Lot size
    5.58 Acres

    Source: Scott Edmond Agent Scott Edmond

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

    Overview

    Westside Evansville Land Opportunity

    This property features over 5 acres of wooded land located on the Westside of Evansville, near shopping and dining amenities. The site is suitable for a pocket condominium development, multifamily housing, or other light commercial uses. It is situated in the heart of the west side commercial district, just south of the Expressway. Seller financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    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
    -87.636801
    Latitude
    37.982096

    Nearby Similar for Sale

    • $4,900,000
      35.00 Acres

      Remarkable Mixed-Use Property with Equestrian Center

      35-acre property with potential for commercial or residential use.
      7700 Henze Rd, Evansville, IN 47720
      View Details
    • $110,000
      Pending

      Evansville Fiveplex with Renovation Potential

      Five-unit multifamily property in downtown Evansville, offering significant upside potential.
      216 Oak St, Evansville, IN 47713
      View Details
    • $1,225,000
      0.07 Acres

      Restored Restaurant/Bar Opportunity

      Restored bar and restaurant in downtown Evansville.
      22 NW 6Th St, Evansville, IN 47708
      View Details
    • $265,000
      Pending

      Brick Duplex on Corner Lot

      Desirable duplex with income potential on a corner lot.
      213 Lorshelna Dr, Evansville, IN 47711
      View Details
    • $275,000
      Pending

      Income-Producing Triplex in Evansville, IN

      Income-generating triplex, ideal for short-term rentals or long-term leases.
      903 Edgar St, Evansville, IN 47710
      View Details
    • $236,000
      0.40 Acres

      Mixed-Use Property with Ample Parking

      Mixed-use property featuring multiple buildings and ample parking.
      1319/1321 N 1St Ave, Evansville, IN 47710
      View Details

    FAQs

    What type of property is this?
    Land - 5+ acre wooded lot suitable for development or commercial use.
    Where is this land located?
    The property is located at 344 S Red Bank Rd Evansville, IN.
    What is the asking price?
    The asking price for this property is $164,900.
    What are key features of this property?
    This property features: - Rare 5+ AC lot on Evansville's Westside; - Ideal for condominium, multifamily, or light commercial development; - Located in the heart of the west side commercial district
    (812) 453-3102
    Request Owner's contact information
    344 S Red Bank Rd Evansville, IN 47712
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    344 S Red Bank Rd
    Evansville, IN 47712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    344 S Red Bank Rd Evansville, IN 47712
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.