524-530 Main Street Evansville, IN
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Four-story historic building in downtown Evansville with redevelopment potential.
Type:OFFICE
Property size:
45,218 SFLot size:
0.24 AcresPrice / SF:
$59/SF- Added:
- Oct 7, 2024
- Days on Market:
- 571
- Last Refresh:
- Apr 5 at 8:21 pm
Property Features for 524-530 Main Street
General Information
- Standard status
- Active
- Size
- 45,218 SF
- Lot size
- 0.24 Acres
- Property subtype
- OFFICE
Listing agent Richard A. Clements License ##RB18002031 (812) 746-8569
Listing office SVN | The Martin Group (812) 746-8569
Listing date Oct 7, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SVN | The Martin Group
Overview
Historic Beaux Arts Building Downtown
Located in the heart of Downtown Evansville's historic district, adjacent to the Victory Theater and the Ford Center complex, the American Trust Building showcases beaux arts architectural style, constructed in 1904. The four-story building features carved limestone façade, copper roof trim, wood and brass doorways, marble wainscoting, and vintage gated elevators. The property includes an asphalt parking lot with a capacity for 64 double-parked cars. The building has a basement office and storage area, single and three-phase power supply, and 1,600+ AMP power. Rooftop solar arrays are installed, and the membrane roof was replaced within the last 5 years. The property is listed on the National Register of Historic Buildings (82000094). Currently, the first floor has two leased retail spaces: 959 square feet on Sixth Street and 5,772 square feet on Main Street. The first floor also offers a 3,539-square-foot office with two on-street entry accesses, which is currently leased. The second floor comprises two leased suites containing 4,414 square feet and 1,947 square feet. The third floor, with 5,000 square feet, is ready to be converted into three to four apartments or several office suites. The fourth floor is occupied by a professional firm possessing an artfully designed 6,025-square-foot multi-office space with kitchenette and conference rooms. The tenant is open to extending the lease or vacating should a prospective buyer wish to convert the space to residential. The property size is 45,218 square feet.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.5693
- Latitude
- 37.9728
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Four-story historic building in downtown Evansville with redevelopment potential.
Where is this office building located?
The property is located at 524-530 Main Street Evansville, IN.
What is the asking price?
The asking price for this property is $2,683,000.
What are key features of this property?
This property features: Historic Beaux Arts building in Downtown Evansville's historic district, adjacent to major entertainment venues.; Significant income potential with multiple existing leased spaces.; Development opportunity: **5,000 SF on the third floor is ready for conversion into apartments or office suites.**
