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    6724 Morgan Ave Evansville, IN 47715

    For Lease
    $16 SF/Yr ($11,571 /Mo)

    800 sq ft office space, great location

    Lot size:
    8,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This single-story, 8,290 sq ft office building in Evansville, Indiana, offers 800 sq ft of immediately available space (Suite B) in a triple net (NNN) lease at $16.75/SF/YR, with estimated NNN costs of $4.50/SF/YR. Built in 1993, the property sits on 1.05 acres (APN 82-07-18-011-248.006-027) and features 34 parking spaces. The building is zoned M-1 and boasts excellent visibility from Morgan Avenue, with convenient access from Interchange Road. The space includes large offices and a restroom. The property is located at a major intersection of Morgan Avenue and I-69, near numerous businesses including Midwest Storage, BK Flooring, Ferguson Plumbing Supply, Airgas Store, Deaconess Home Care, and Integrity Motors Group. The minimum divisible space is 800 sq ft, with a maximum contiguous space of 800 sq ft. The building contains three total suites.

    Property Features for 6724 Morgan Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,290 SF
    Total Rate
    11571.46

    Building Details

    Year Built
    1993
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite B
    Size
    800 SF
    Rate per SF
    $16
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midwest Contracting Inc General Contractor 2B Solutions LLC Electrical Installation Service Perspective Mental Health Counselor Hartshorne Mining Group ... Mining Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.469688378975
    Latitude
    37.995986672941

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    FAQs

    What type of property is this?
    Office Property / Space - 800 sq ft office space, great location
    Where is this office property / space located?
    The property is located at 6724 Morgan Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
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    6724 Morgan Ave Evansville, IN 47715
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    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

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    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
    6724 Morgan Ave Evansville, IN 47715
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