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    202-208 NW 4Th St Evansville, IN 47713

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    For Sale
    $2,750,000

    Executive offices in historic Old Vanderburgh Co Jail. Land lease.

    Property size:
    28,142 SF
    Lot size:
    0.52 Acres

    Property Features for 202-208 NW 4Th St

    General Information

    Size
    28,142 SF
    Lot size
    0.52 Acres

    Source: Hahn Kiefer Real Estate Services Agent Joseph Kiefer

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

    Overview

    Historic Evansville Office Building For Sale

    The property is a historic building, formerly the Old Vanderburgh County Jail, converted to executive offices in 2003. The purchase of this property involves a 46-year land lease with the Vanderburgh County Board of Commissioners. The property has a monthly payment of $1,798.57 to Vanderburgh County. The yearly property taxes are $26,407.70, and the yearly building insurance is $14,547. The property has a size of 28,142 square feet and is located in Evansville, Indiana.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -87.5729625
    Latitude
    37.9733386

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    FAQs

    What type of property is this?
    Office building - Executive offices in historic Old Vanderburgh Co Jail. Land lease.
    Where is this office building located?
    The property is located at 202-208 NW 4Th St Evansville, IN.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Historic Old Vanderburgh Co Jail converted to executive offices.; - 46-year land lease with the Vanderburgh Co Board of Commissioners.; - Property taxes: $26,407.70 Yearly.
    (812) 604-5973
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    202-208 NW 4Th St Evansville, IN 47713
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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
    202-208 NW 4Th St Evansville, IN 47713
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