The Curtis Office
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For Sale
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915 Main Street Unit 400, Evansville, IN 47708
A renovated office property with masonry and brick finishes and two passenger elevators.
Property Size62,345 SF
Price / SF$0.48
Days on Market5
Property Features for 915 Main Street Unit 400
General Information
Standard status
Active
Size
62,345 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Neighborhood
Downtown
Additional Details
Property Use
Office
Building Details
Year Built
1906
Year Renovated
1994
Buildings
1
Construction
masonry wood beam
Listing Agency:
Landmark Realty & Development, Inc
Listed By:
Stacy Stevens · License #69697
(812) 305-5594
Source:
Jmrealtyonline
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Realty & Development, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Curtis Building is a city landmark containing 62,345 square feet of office space. A 1994 renovation converted the former warehouse into offices. The exterior is primarily brick with masonry and wood-beam framing; interior finishes include painted brick, drywall, carpet, and ceramic tile. Two elevators each have a 4,000-pound capacity.
Key Highlights
- 62,345 square feet of office space
- 1994 renovation converted the former warehouse to offices
- Two elevators, each with a 4,000‑pound capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$758,614
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,172,280
$15.2M
Cap Rate 7%
$10,837,343
$10.8M
Cap Rate 9%
$8,429,044
$8.4M
Market Conditions
NOI Build-Up for 62,345 SF
Gross rent
$1.20M $19.20/SF
− Vacancy
−$185.5K −$2.98/SF
EGI
$1.01M $16.22/SF
− OpEx
−$252.9K −$4.06/SF
NOI
$758.6K $12.17/SF
Area
Evansville, IN
Vacancy
15.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,172,280
Cap Rate 7%
$10,837,343
Cap Rate 9%
$8,429,044
Alternative Uses
Best Use
Office B
$10.84M
$9.48M – $12.64M
NOI $758,614 @ 7.0% cap · market cap 2,553.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.48M
$13.54M – $18.06M
NOI $1,083,426 @ 7.0% cap · market cap 3,646.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 47708, IN
501
Population
538
Households
0.9
Avg Household Size
39
Median Age
46%
College-Educated
91%
High-School Grad
0.6 sq mi
ZIP Area
835
Density / Sq Mi
$55,436
Median Household Income
$47,750
Median Earnings
$1,154
Median Rent
$241,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A renovated office property with masonry and brick finishes and two passenger elevators.
Where is this office building located?
The property is located at 915 Main Street Unit 400 Evansville, IN.
What are key features of this property?
This property features: 62,345 square feet of office space; 1994 renovation converted the former warehouse to offices; Two elevators, each with a 4,000‑pound capacity
