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Property profile & analytics
FOR SALE
Office Spaces

4004 E Morgan Ave Evansville, IN 47715

16,380 SF 1.2 ac lot Built 1977
Entity Owned 3-yr Hold Free & Clear
Property ID
US31-0502668
4004 E Morgan Ave, Evansville, IN 47715 For Sale
$510,000 16,380 SF
4004 E Morgan Ave, Evansville, IN 47715
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Property summary
AI-generated overview

This exceptional two-story, 16,380 square foot Class B office building, situated on a 1.2-acre lot in Vanderburgh County, presents a compelling investment opportunity. Constructed in 1977 and extensively renovated in 2024, the property boasts a prime east side location at a signalized intersection on E Morgan Ave and N Stockwell Rd. The building features a single structure with ample parking (50 spaces) and is zoned C-1. Currently offering multiple tenancies, one space of 2,592 square feet is immediately available. This suite includes seven private offices, a convenient kitchenette, and a welcoming reception area. A significant incentive is available: three months of free rent with a qualifying lease. The building's recent renovation ensures modern amenities and functionality, making it an ideal space for a variety of businesses. The property's strategic location and substantial size offer significant potential for growth and return on investment. This is a rare opportunity to acquire a well-maintained, updated office building in a highly desirable location.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1977
Construction CONCRETE
Total area 16,380 SF
Lot 1.2 ac (52,224 SF)
APN 82-06-14-017-146.003-027
UPID US31-0502668
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Konica Minolta Business Solutions Business To Business Service
  • tristatehomefinder.net Real Estate Agency
  • Scott Edmond CCIM - NAI Prime Commercial Real Estate Agency
  • Team Select Home Care Home Health Care Service
  • Action Staffing, Inc. Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
$659k
Blend (final) Blend
$510k
Owner & transaction history
Vocon LLC · 3 yrs held
Vocon LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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