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    4245 N 1St Ave Evansville, IN 47710

    For Lease
    $12 SF/Yr ($2,675 /Mo)

    Retail or office spaces available in high-traffic area.

    Property size:
    2,675 SF
    Lot size:
    0.56 Acres

    Property Features for 4245 N 1St Ave

    General Information

    Size
    2,675 SF
    Lot size
    0.56 Acres

    Source: Woodward Commercial Realty, Inc. Agent Susan Racine

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

    Overview

    Retail/Office Spaces on First Ave

    This property features retail or office spaces in a strip center located on North First Avenue, an area with high traffic. The property includes two spaces with separate electric meters. One space at 4225 N. First Ave. offers 1725 square feet. The other space, located at 4245 N. First Ave., provides 950 square feet. Additional monthly charges include $30 for trash and $30 for water. The property has a new black and white facade and a fresh asphalt parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5736725
    Latitude
    38.0175429

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    FAQs

    What type of property is this?
    Strip mall - Retail or office spaces available in high-traffic area.
    Where is this strip mall located?
    The property is located at 4245 N 1St Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High traffic area location; - Two retail/office spaces with separate electric meters; - New facade
    (812) 459-1463
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    4245 N 1St Ave 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
    4245 N 1St Ave Evansville, IN 47710
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