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    636 Citadel Cir Evansville, IN 47715

    For Sale
    $102,657

    Development opportunity for multifamily, light industrial, or office development.

    Lot size:
    2.32 Acres

    Property Features for 636 Citadel Cir

    General Information

    Lot size
    2.32 Acres

    Source: NAI Prime Commercial Agent Scott Edmond

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

    Overview

    Charlestown Square Lakefront Development Opportunity

    This property in Charlestown Square on the Lake offers a development opportunity for multifamily, light industrial, or office purposes. The remaining lots include 2.39 acres of dry land and 5.21 acres including lake acreage. The property is zoned C-4, presenting investment opportunities, including potential for multifamily development. The property's lake views provide a setting for upscale development, and its proximity to amenities ensures tenant convenience. The majority of the land surrounding the adjoining lake is occupied by Lakeshore Apartment Homes, a Class A property built in 2004. Nearby land is developed with a mix of offices, light industrial, hospitality, and medical users. Deaconess Gateway Hospital and St Vincent Epworth Crossing have major campuses nearby. This area has been a hotbed of development activity thanks to the Warrick Trail TIFF district allowing financial incentives for developers of medical projects.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office 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
    -87.4515781
    Latitude
    37.9829201

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    FAQs

    What type of property is this?
    Commercial land - Development opportunity for multifamily, light industrial, or office development.
    Where is this commercial land located?
    The property is located at 636 Citadel Cir Evansville, IN.
    What is the asking price?
    The asking price for this property is $102,657.
    What are key features of this property?
    This property features: - Prime real estate with versatile C-4 zoning allowing for multifamily, light industrial, or office development.; - Includes 5.21 AC with lake acreage, offering scenic lake views suitable for upscale development.; - Located in a growing market with potential for high-demand multifamily development.
    (812) 453-3102
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    Evansville, IN 47715
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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
    636 Citadel Cir Evansville, IN 47715
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