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Mixed-Use Property with Parking
For Sale
$236,000

1327 North First Avenue, Evansville, IN 47710

Four parcels combine a former business building, rental units, attached garage, and gravel parking area.

Property Size4,126 SF
Price / SF$57.20
Days on Market222

Property Features for 1327 North First Avenue

General Information

Standard status Active
Size 4,126 SF
Property subtype Multi Family / Other

Amenities

Central Air
2
Yes
Carpet, Wood, Other
4
Gas
1
3
Unfinished
7
No
Partial
Gravel
Aluminum, Brick, Metal, Vinyl
Eat-In Kitchen, Porch Covered

Building Details

Year Built 1930
Buildings 3
Units 4
Listing Agency: ERA FIRST ADVANTAGE REALTY, INC
Listed By: Donovan Wilkins · License #RB14028554
Source: Compass
Added: Jan 21 Changed: Aug 31 Last Checked: Aug 31 at 2:09AM

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 ERA FIRST ADVANTAGE REALTY, INC

Investment Insights

Based on property information with market context.

This mixed-use property comprises 4 parcels and 3 buildings at 1327 North First Avenue. The former business building contains 3,000 square feet with 4 bedrooms, 2 baths, an office, living room, kitchen, waiting area, and an attached 33' x 36' garage with high ceilings. A second building is configured with 2 separate rental units: a front unit with 1 bedroom and 1 bath and a rear unit with 2 bedrooms and 1 bath.

A large gravel parking area sits between the buildings, with fencing along the back and sides. The buildings are currently unleased, and utilities are off. Property improvements date to 1930 and include central air, covered porch space, and a combination of aluminum, brick, metal, and vinyl exterior materials.

Key Highlights

  • 4 parcels with 3 buildings
  • Former business building offers 3,000sqft, 4 bedrooms, 2 baths, office, living room, and kitchen
  • Attached 33'x36' garage with high ceilings and waiting area

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Nail Salon Parking Lot & Garage Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

1,207
Businesses Nearby

Demographics for 47710, IN

18,470
Population
9,119
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$45,324
Median Household Income
$33,718
Median Earnings
$857
Median Rent
$131,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four parcels combine a former business building, rental units, attached garage, and gravel parking area.
Where is this mixed-use property located?
The property is located at 1327 North First Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $236,000.
What are key features of this property?
This property features: 4 parcels with 3 buildings; Former business building offers 3,000sqft, 4 bedrooms, 2 baths, office, living room, and kitchen; Attached 33'x36' garage with high ceilings and waiting area
More about this property
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