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    401 Main St Evansville, IN 47711

    For Lease
    $1,799,000

    Prime corner location ideal for retail or restaurant use.

    Property size:
    13,000 SF
    Lot size:
    0.31 Acres

    Property Features for 401 Main St

    General Information

    Size
    13,000 SF
    Lot size
    0.31 Acres

    Source: F.C. Tucker Commercial Agent Aaron Kendall

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

    Overview

    Downtown Corner Retail/Restaurant Space

    Located at the corner of 4th and Main Street in downtown, this property is one block from the Indiana University School of Medicine campus at the Stone Family Center for Health Sciences. The 13,000-square-foot space on the first floor and full basement is suitable for a restaurant or retail location. It features a grease trap, a drive-thru window, and a sprinkler system throughout. New residential apartments are under construction across the street. The building also includes five separately metered luxury apartments upstairs, which are currently rented.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -87.5635374
    Latitude
    37.9813505

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    FAQs

    What type of property is this?
    Retail space - Prime corner location ideal for retail or restaurant use.
    Where is this retail space located?
    The property is located at 401 Main St Evansville, IN.
    What are key features of this property?
    This property features: - Prime downtown corner location at 4th and Main Street.; - One block from Indiana University School of Medicine campus at the Stone Family Center for Health Sciences.; - 13,000 square feet of vacant retail on first floor and full basement.
    (812) 480-8100
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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
    401 Main St Evansville, IN 47711
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