Zoned C-4 Retail
For Sale
Contact for pricing
1417 N Elliott St, Evansville, IN 47711
Retail storefront offered in an enterprise zone and zoned C-4, with visibility near Diamond Ave businesses.
Property Size2,603 SF
Price / SF$5.76
Days on Market100
Property Features for 1417 N Elliott St
General Information
Standard status
Active
Size
2,603 SF
Zoning
C-4
Site & Location
Neighborhood
Jacobsville
Highway Access
Yes
Building Details
Year Built
1919
Listing Agency:
Euphoric Development Partners
Listed By:
Andrew Bowlds · License #RB19001455
(812) 202-6088
Source:
Daubyrealestate
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 5 at 11:44PM
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 Euphoric Development Partners
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Investment Insights
Based on property information with market context.
This is a retail storefront property presented as a value-add opportunity, currently in need of TLC. The offering is positioned as a flexible space within a designated enterprise zone, with zoning in place to support a range of commercial uses.
The property is described as highly visible and located near other businesses along Diamond Ave, with proximity noted to downtown, highway 41, and the Lloyd Expressway.
Zoned C-4, the site is indicated to permit plenty of uses. The property is available for sale.
The property is described as highly visible and located near other businesses along Diamond Ave, with proximity noted to downtown, highway 41, and the Lloyd Expressway.
Zoned C-4, the site is indicated to permit plenty of uses. The property is available for sale.
Key Highlights
- Retail storefront built in 1919
- Zoned C‑4, allowing a wide range of permitted uses
- Located in an enterprise zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,304
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,080
$706.1K
Cap Rate 7%
$504,343
$504.3K
Cap Rate 9%
$392,267
$392.3K
Market Conditions
NOI Build-Up for 2,603 SF
Gross rent
$56.2K $21.60/SF
− Vacancy
−$5.8K −$2.22/SF
EGI
$50.4K $19.38/SF
− OpEx
−$15.1K −$5.81/SF
NOI
$35.3K $13.56/SF
Area
Evansville, IN
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,080
Cap Rate 7%
$504,343
Cap Rate 9%
$392,267
Alternative Uses
Best Use
Retail
$504.3K
$441.3K – $588.4K
NOI $35,304 @ 7.0% cap · market cap 235.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$646.2K
$565.4K – $753.9K
NOI $45,235 @ 7.0% cap · market cap 301.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47711, IN
31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Variety Village — 600 E Columbia St, Evansville, IN 47711
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront offered in an enterprise zone and zoned C-4, with visibility near Diamond Ave businesses.
Where is this storefront property located?
The property is located at 1417 N Elliott St Evansville, IN.
What are key features of this property?
This property features: Retail storefront built in 1919; Zoned C‑4, allowing a wide range of permitted uses; Located in an enterprise zone
