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Flex Space With Outbuilding
For Sale
$339,000

4115 E Morgan Avenue, Evansville, IN 47715

COMMERCIAL, Evansville, IN

Property SizeContact for details
Lot Size0.50 Acres
Days on Market196

Property Features for 4115 E Morgan Avenue

General Information

Property type Commercial Sale
Property subtype Other
Lot features City
Directions From I-69 take the Morgan Ave exit to head West. Property will be on the South side of E Morgan Ave.
Subdivision Vanderburgh County
Standard status Active
APN 82-06-23-017-108.009-027
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT NE 23-6-10
Tax Annual Amount 4443
Legal Description PT NE 23-6-10

Utilities

Cooling system Central Air

Building Details

Year built 1989
Flooring type Carpet, Concrete
Roof type Flat
Listing Agency: KELLER WILLIAMS CAPITAL REALTY · Keller Williams Realty
Listed By: Casey McCoy · License #RB14045622
Added: Apr 1 Changed: Sep 14 Last Checked: Oct 13 at 1:06AM
MLS# 202611008

Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1989 flex property offers a practical commercial building layout with concrete and carpet flooring, central air, and a flat roof. The space can accommodate either a single owner-user or multiple occupants, providing flexibility for different operating arrangements. A separate approximately 200-square-foot outbuilding adds supporting space to the property.

The site encompasses 0.5 acres along E Morgan Avenue in Evansville, with access to Green River Road nearby. The property benefits from exposure to an estimated 20,000 vehicles per day, placing it within an active commercial corridor in Vanderburgh County.

Key Highlights

  • Approximately 200‑square‑foot detached outbuilding
  • 0.5‑acre commercial site on E Morgan Avenue
  • Estimated 20,000 vehicles per day

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Plumbing Service Grocery & Convenience Store

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

20,000 VPD
Traffic count
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

769
Businesses Nearby
Under-served
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial building with central air, mixed flooring, and a separate outbuilding for additional utility.
Where is this flex space located?
The property is located at 4115 E Morgan Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Approximately 200‑square‑foot detached outbuilding; 0.5‑acre commercial site on E Morgan Avenue; Estimated 20,000 vehicles per day
More about this property
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