Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    962 Neubling Ave Evansville, IN 47713

    Sponsored
    For Sale
    $985,000

    Evansville, IN industrial multi-tenant property

    Property size:
    20,855 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This income-producing industrial property in Evansville, Indiana, offers 20,855 square feet of warehouse and distribution space across three leased units. Strategically located off I-69, S. Kentucky Ave., and Hwy 41, near Wolfe's Auto Auction, this property boasts two buildings on a 0.9-acre lot. The property features five dock-high doors and is zoned M-2. Unit A (6,000 sq ft) rents for $2,250/month, Unit B (7,775 sq ft) for $1,800/month, and Unit C (7,080 sq ft) for $2,500/month. Built in 1978 (Units A & B) and 2019 (Unit C), all units offer 16' clear height ceilings, 400 amp/3-phase power, gas and electric service, and LED high bay lighting. Units A and B have 5" concrete floors, one office, a half-bath, and received new TPO roof overlays within the last five years. Unit C features 6" concrete floors, a small office, a half-bath, a fenced yard, two 16x16 overhead doors, spray foam insulation in the walls, R30 ceiling insulation, and interior metal liner panels. This multi-tenant property presents a strong investment opportunity with established rental income. The asking price is $985,000. APN: 82-09-05-033-061.005-029.

    Property Features for 962 Neubling Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    20,855 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1978
    Buildings
    2
    Stories
    1
    Units
    3

    HighLights

    • 20,855 SF industrial property in Evansville, IN, with three leased units.
    • Excellent location off I‑69, S. Kentucky Ave., and Hwy 41, near Wolfe's Auto Auction.
    • Three units totaling 20,855 SF on a 0.9‑acre lot; Unit A (6,000 SF, $2,250/month), Unit B (7,775 SF, $1,800/month), Unit C (7,080 SF, $2,500/month).
    • Features five dock‑high doors, 16' clear height ceilings, and 400 amp/3‑phase power.
    • M‑2 zoning; Asking price: $985,000; APN: 82‑09‑05‑033‑061.005‑029.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.549443271933
    Latitude
    37.947111334327

    Nearby Similar for Sale

    • $4,900,000
      35.00 Acres

      Remarkable Mixed-Use Property with Equestrian Center

      35-acre property with potential for commercial or residential use.
      7700 Henze Rd, Evansville, IN 47720
      View Details
    • $1,225,000
      0.07 Acres

      Restored Restaurant/Bar Opportunity

      Restored bar and restaurant in downtown Evansville.
      22 NW 6Th St, Evansville, IN 47708
      View Details
    • $265,000
      Pending

      Brick Duplex on Corner Lot

      Desirable duplex with income potential on a corner lot.
      213 Lorshelna Dr, Evansville, IN 47711
      View Details
    • $275,000
      Pending

      Income-Producing Triplex in Evansville, IN

      Income-generating triplex, ideal for short-term rentals or long-term leases.
      903 Edgar St, Evansville, IN 47710
      View Details
    • $236,000
      0.40 Acres

      Mixed-Use Property with Ample Parking

      Mixed-use property featuring multiple buildings and ample parking.
      1319/1321 N 1St Ave, Evansville, IN 47710
      View Details
    • $164,900
      2,064 SF

      Westside Evansville Duplex Investment

      Duplex with remodeled unit and long-term tenants in place.
      1629 Ewing Ave, Evansville, IN 47712
      View Details
    • $750,000
      Pending

      Renovated Meeting Hall with Rooftop Deck

      Versatile commercial property in downtown Evansville with high visibility.
      212 Main St, Evansville, IN 47708
      View Details
    • $125,000
      Pending

      All Brick Duplex Near Park

      All brick duplex near Garvin Park with detached three-car garage.
      313 Maxwell Ave, Evansville, IN 47711
      View Details
    • $540,000
      Pending

      Renovated Mixed-Use Space on Main

      Renovated mixed-use space with exposed brick and versatile layout.
      327 Main St, Evansville, IN 47708
      View Details
    • New
      Contact for pricing
      1,768 SF

      Updated Duplex on Corner Lot

      Well-maintained duplex with excellent income potential on a corner lot.
      2601-2603 Pollack Ave, Evansville, IN 47711
      View Details
    • $99,900
      2,056 SF

      Evansville Duplex with Rental Income

      Duplex in Evansville, Indiana with potential rental income.
      1416 W Eichel Ave, Evansville, IN 47710
      View Details
    • $225,000
      0.34 Acres

      Evansville Commercial Opportunity

      Multi-use property with two buildings, ideal for various businesses.
      1119 N Fulton Ave, Evansville, IN 47710
      View Details

    FAQs

    What type of property is this?
    Distribution property - Evansville, IN industrial multi-tenant property
    Where is this distribution property located?
    The property is located at 962 Neubling Ave Evansville, IN.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: 20,855 SF industrial property in Evansville, IN, with three leased units.; Excellent location off I-69, S. Kentucky Ave., and Hwy 41, near Wolfe's Auto Auction.; Three units totaling 20,855 SF on a 0.9-acre lot; Unit A (6,000 SF, $2,250/month), Unit B (7,775 SF, $1,800/month), Unit C (7,080 SF, $2,500/month).
    Request Owner's contact information
    962 Neubling Ave Evansville, IN 47713
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    962 Neubling Ave
    Evansville, IN 47713
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    962 Neubling Ave Evansville, IN 47713
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.