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    2303 Morgan Ave Evansville, IN 47711

    For Lease
    $190 SF/Yr

    Renovated 3,966 SF Office/Retail Space

    Lot size:
    3,966 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,966-square-foot creative office space, located at 2303 E Morgan Ave in Evansville, Indiana, presents a unique investment opportunity. Recently renovated in 2023, this single-tenant building boasts a prime location within a bustling retail center on the east side of Morgan Avenue, offering high visibility and traffic. The property features a spacious single-story structure built in 1940, with a substantial 9-foot ceiling height. The 2.5-acre lot provides ample space, and the building includes 10 parking spaces. Conveniently situated, it's just three minutes from Route 41 and five minutes from N Green River Road, ensuring easy access for employees and customers. Classified as a Class B property, this versatile space is suitable for a variety of uses, including retail, office, or restaurant operations. All common area maintenance (CAM) charges are included in the base rent, and utilities are the responsibility of the tenant. The property is situated in Vanderburgh County, Indiana, with a zip code of 47711. There are no elevators on the property. Property taxes are $0 per square foot. The entire 3,966 square feet is currently vacant. This is a single-tenant building.

    Property Features for 2303 Morgan Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,966 SF
    Class
    B
    Total Rate
    62900.76

    Building Details

    Year Built/Renovated
    1940/2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,966 SF
    Rate per SF
    $190

    HighLights

    • Freshly painted interior with hardwood floors, built‑in cabinetry, and a full kitchen.
    • Decorative fireplace.
    • Move‑in ready condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5217073
    Latitude
    37.9916259

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    FAQs

    What type of property is this?
    Restaurant - Renovated 3,966 SF Office/Retail Space
    Where is this restaurant located?
    The property is located at 2303 Morgan Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $190 SF/Yr.
    What are key features of this property?
    This property features: Freshly painted interior with hardwood floors, built-in cabinetry, and a full kitchen.; Decorative fireplace.; Move-in ready condition.
    Request Owner's contact information
    2303 Morgan Ave Evansville, IN 47711
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    Evansville, IN 47711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2303 Morgan Ave Evansville, IN 47711
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