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Light Industrial Warehouse and Office
For Lease
$20.12 SF/Yr

1241 Metro Ave, Evansville, IN 47715

2016-built light industrial facility combines warehouse space with an office distribution area.

Space SizeContact for details
Property Size4,440 SF
Days on Market227

Property Features for 1241 Metro Ave

General Information

Standard status Active
Size 4,440 SF
Property subtype Industrial
Zoning C-4

Building Details

Building Size 4,440 SF
Year Built 2016
Buildings 1
Stories 1
Listing Agency: Melmar Realty, LLC
Listed By: Melannie Hutchinson
Source: Cpix.resimplifi
Added: Jan 21 Changed: Aug 15 Last Checked: Sep 5 at 3:48AM

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 Melmar Realty, LLC

Investment Insights

Based on property information with market context.

This light industrial building was constructed in 2016 and is set up for light warehouse and office distribution use. The property includes both warehouse space and office components to support day-to-day distribution activities within the same facility.

The building is located at 1241 Metro Ave in Evansville, IN, and is described as being close to I-69, supporting access for regional transportation and deliveries.

Originally built for Nestle Dryers Ice Cream Company, the configuration aligns with light distribution operations that benefit from an on-site office presence alongside warehouse space.

Key Highlights

  • Light industrial facility built in 2016
  • Designed for light warehouse and office distribution use
  • Includes a warehouse area plus office distribution area

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Veterinary Clinic Daycare Center (Bike/Boat/Book/etc) Store Florist Wine and Liquor Store Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.02 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,046
Businesses Nearby
Balanced
Demand for This Use

Demographics for 47715, IN

28,959
Population
14,451
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
22.0 sq mi
ZIP Area
1,316
Density / Sq Mi
$59,821
Median Household Income
$40,137
Median Earnings
$1,009
Median Rent
$191,900
Median Home Value

Market

Lease Benchmarks for Evansville, IN

$11.28 /SF/Yr
Avg Asking Price
$7–$20.12 /SF/Yr
Price Range
12,689 SF
Avg Space Size

This space is priced 78% above the average of $11.28 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - 2016-built light industrial facility combines warehouse space with an office distribution area.
Where is this flex space located?
The property is located at 1241 Metro Ave Evansville, IN.
What is the lease rate?
The lease rate is $20.12 SF/Yr.
What are key features of this property?
This property features: Light industrial facility built in 2016; Designed for light warehouse and office distribution use; Includes a warehouse area plus office distribution area
More about this property
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