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    The Promenade - Section 7 Evansville, IN 47715

    Sponsored
    For Sale
    $571,100

    1.14-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This 1.14-acre commercial land parcel is located in Evansville, Indiana, within The Promenade – Section 7, Lot 10 (47715). Situated in Vanderburgh County, this property presents a unique investment opportunity within a thriving mixed-use development. The Promenade is a premier, planned lifestyle development, the only one of its kind in Southwest Indiana and the Tri-State area. It offers a blend of residential, hospitality, shopping, and dining options, creating a vibrant and convenient live-work-play environment. This lot is part of a high-quality development featuring attractive landscaping, parks, water features, and a sophisticated streetscape design. The property's location provides excellent visibility and accessibility, making it ideal for a variety of commercial uses. Nearby amenities include Costco outlots and other box and shopping center sites. The asking price for this exceptional property is $571,100. The size and versatility of this lot make it suitable for various commercial ventures, capitalizing on the high-end mixed-use environment of The Promenade. Further details regarding available sizes and uses can be provided upon request.

    Property Features for 0 The Promenade - Section 7

    General Information

    Property type
    Land
    Lot Size
    49,658 SF

    HighLights

    • $571,100 asking price.
    • 1.14‑acre commercial land parcel.
    • Located in Evansville, Indiana, within The Promenade development.
    • Costco outlots and box/shopping center sites available.
    • Part of a high‑end mixed‑use development with diverse lot sizes and uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.465980708586
    Latitude
    37.988172490259

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    FAQs

    What type of property is this?
    Land - 1.14-acre commercial lot, prime location.
    Where is this land located?
    The property is located at The Promenade - Section 7 Evansville, IN.
    What is the asking price?
    The asking price for this property is $571,100.
    What are key features of this property?
    This property features: $571,100 asking price.; 1.14-acre commercial land parcel.; Located in Evansville, Indiana, within The Promenade development.
    (812) 573-3500
    Request Owner's contact information
    The Promenade - Section 7 Evansville, IN 47715
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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
    The Promenade - Section 7 Evansville, IN 47715
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