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    311 N 1St Ave Evansville, IN 47710

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    For Lease
    $2,500 /Mo ($15 SF/Yr)

    Retail space in high-traffic area near downtown Evansville.

    Property size:
    1,920 SF
    Lot size:
    0.78 Acres

    Property Features for 311 N 1St Ave

    General Information

    Size
    1,920 SF
    Lot size
    0.78 Acres

    Source: Melmar Realty, LLC Agent Melannie Hutchinson

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

    Overview

    Corner Retail Space Available

    This retail space is located on the corner of First Avenue and Franklin Street, in front of Berry Plastics. Situated directly on a high-traffic street leading to downtown, the property benefits from its location. The space is positioned as an anchor end cap section, offering excellent visibility. The property is located near downtown, next to Berry Plastics. Other tenants in the same building include two Deaconess Medical Clinics. The space is 1920 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm 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
    -87.5747152
    Latitude
    37.9807886

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    FAQs

    What type of property is this?
    Retail space - Retail space in high-traffic area near downtown Evansville.
    Where is this retail space located?
    The property is located at 311 N 1St Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on the corner of First Avenue and Franklin Street.; - Anchor end cap location with excellent visibility.; - Proximity to Berry Plastics, a major Evansville employer.
    (812) 568-3266
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    Evansville, IN 47710
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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
    311 N 1St Ave Evansville, IN 47710
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