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    4004 Morgan Ave Evansville, IN 47715

    For Lease
    $8 SF/Yr ($11,943 /Mo)

    16,380 SF Office Space Available

    Lot size:
    16,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 Features for 4004 Morgan Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,380 SF
    Class
    B
    Total Rate
    11943.75

    Building Details

    Year Built/Renovated
    1977/2024
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 200
    Size
    2,592 SF
    Rate per SF
    $8

    HighLights

    • 16,380 square foot, Class B office building on 1.2 acres.
    • Two‑story building constructed in 1977, renovated in 2024.
    • Located at 4004 E Morgan Ave, Vanderburgh County, at a signalized intersection with cross street N Stockwell Rd.
    • Features 50 parking spaces and C‑1 zoning.
    • Currently offers one 2,592 square foot suite available with a 3‑month free rent incentive for qualifying leases.
    • Multiple tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Konica Minolta Business ... Business To Business Service tristatehomefinder.net Real Estate Agency Scott Edmond CCIM ... Commercial Real Estate Agency Team Select Home ... Home Health Care Service Action Staffing, Inc. Employment Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -87.5012842
    Latitude
    37.9916842

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    FAQs

    What type of property is this?
    Office Property / Space - 16,380 SF Office Space Available
    Where is this office property / space located?
    The property is located at 4004 Morgan Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 16,380 square foot, Class B office building on 1.2 acres.; Two-story building constructed in 1977, renovated in 2024.; Located at 4004 E Morgan Ave, Vanderburgh County, at a signalized intersection with cross street N Stockwell Rd.
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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
    4004 Morgan Ave Evansville, IN 47715
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