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Office Building on Major Corridor
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3420 E Morgan Ave, Evansville, IN 47715

Office building with peaceful setting along major commercial corridor.

Space Size1,230 SF - 1,430 SF
Property Size13,046 SF
Days on Market2496

Property Features for 3420 E Morgan Ave

General Information

Standard status Active
Size 1,230 SF - 1,430 SF
Class B
Total Parking Spaces 35
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 13,046 SF
Year Built 1975
Tenancy Multiple

Spaces For Lease

at 3420 E Morgan Ave Contact us

Suite 1

Size
1,430 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 2

Size
1,230 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: NAI Commercial Services
Listed By: Scott Hyatt · License #IN RB14016323
Source: Crexi
Added: Oct 23, 2019 Changed: Aug 10 Last Checked: Aug 21 at 8:31PM

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 NAI Commercial Services

Investment Insights

Based on property information with market context.

This office building is situated along a major east-west commercial corridor in Evansville. The location is adjacent to the Evansville Psychiatric Children’s Center and across from McDonald Golf Course. The building benefits from a setting surrounded by trees and greenery.

Key Highlights

  • Located along a major east/west commercial corridor in Evansville.
  • Peaceful setting surrounded by trees and greenery.
  • Office building suitable for commercial use.

Property Analytics

Current Use

Hagan Appliance Service Home Appliance Store BMWC Constructors Inc Construction Company Oglesby Digital Film Production

Suggested Use

Top Pick Dental Office Parking Lot & Garage Storage Facility HVAC Service Law Firm Barber Shop

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
$1.29 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

462
Businesses Nearby

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

$12.16 /SF/Yr
Avg Asking Price
$8.5–$16.5 /SF/Yr
Price Range
16,836 SF
Avg Space Size

This space is priced 29% below the average of $12.16 /SF/Yr.

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building with peaceful setting along major commercial corridor.
Where is this office building located?
The property is located at 3420 E Morgan Ave Evansville, IN.
What is the lease rate?
The lease rate is $8.60 SF/Yr.
What are key features of this property?
This property features: Located along a major east/west commercial corridor in Evansville.; Peaceful setting surrounded by trees and greenery.; Office building suitable for commercial use.
(812) 900-7661 Call to check price and availability
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