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    25 Riverside Dr Evansville, IN 47708

    For Lease
    $18 SF/Yr

    Prime Evansville location, flexible suites available.

    Lot size:
    48,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A office building, located at 25 NW Riverside Drive on the southwest corner of Sycamore and NW Riverside Drive in Evansville's vibrant Downtown submarket, offers a total of 48,020 square feet of premium office space across three stories. The building is currently multi-tenant and features ample available parking. Three suites are available for lease, providing flexible options for businesses of various sizes. The minimum divisible space is 1,776 square feet, while the maximum contiguous space available is 13,380 square feet. Specifically, the first floor offers 13,380 square feet, divisible into 2,751, 3,804, or 6,825 square feet. The second floor provides 4,892 square feet, divisible into 1,776 or 3,116 square feet. Finally, the third floor comprises 6,319 square feet of contiguous space. The building is zoned C-3 and situated in Vanderburgh County. This property presents a rare opportunity to secure high-quality office space in a desirable downtown location, offering excellent visibility and accessibility. The building's modern design and amenities cater to the needs of discerning businesses seeking a prestigious address. Contact us today to learn more about leasing opportunities and explore the possibilities of establishing your business in this exceptional property.

    Property Features for 25 Riverside Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,020 SF
    Class
    A
    Total Rate
    74030.83

    Building Details

    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    4,892 SF
    Rate per SF
    $18
    Space
    1st Floor
    Size
    10,629 SF
    Rate per SF
    $18
    Space
    3rd Floor
    Size
    3,001 SF
    Rate per SF
    $18

    HighLights

    • Class A, 48,020 SF office building in Downtown Evansville.
    • Multiple suites available, ranging from 1,776 SF to 13,380 SF contiguous.
    • 24,591 SF currently vacant.
    • Located at 25 NW Riverside Dr, Evansville, IN, at the SW corner of Sycamore and NW Riverside Drive.
    • Ample parking available.
    • Zoned C‑3, Vanderburgh County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Southern Indiana Mediation Mediation Service Wooden McLaughlin: Freyberger ... Personal Injury Attorney Wooden McLaughlin LLP Law Firm Evansville Living Magazine Publisher Tucker Publishing Group Publisher

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5756531
    Latitude
    37.970083

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Evansville location, flexible suites available.
    Where is this office property / space located?
    The property is located at 25 Riverside Dr Evansville, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A, 48,020 SF office building in Downtown Evansville.; Multiple suites available, ranging from 1,776 SF to 13,380 SF contiguous.; 24,591 SF currently vacant.
    Request Owner's contact information
    25 Riverside Dr Evansville, IN 47708
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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
    25 Riverside Dr Evansville, IN 47708
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