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    1020 Professional Blvd Evansville, IN 47714

    For Lease
    $10 SF/Yr

    Class A medical office building, fully vacant.

    Lot size:
    28,974 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A medical office building, located at 1020 Professional Blvd in Evansville, Indiana, presents a unique opportunity. The entire 28,974 square foot building is currently available for lease or sale. Built in 1996, this two-story structure boasts 102 parking spaces and convenient elevator access. The minimum divisible space is 3,500 square feet, while the maximum contiguous space available is the entire building. The property sits on 2.57 acres of land and is zoned CO-2. Its prime location offers excellent visibility and accessibility, situated near major medical facilities including Ascension St. Vincent Hospital, DaVita Dialysis, St. Vincent Surgicare, Merit Dental, and Dermatology Associates of Indy. The property features one suite and is ideal for a single large tenant or multiple smaller tenants seeking a collaborative environment. The property's APN is 82-06-35-016-096.020-027 and is located in Vanderburgh County, Indiana, zip code 47714. This is a rare opportunity to acquire a fully vacant, high-quality medical office building in a thriving medical corridor. The building's size and amenities make it suitable for a wide range of medical and professional office uses.

    Property Features for 1020 Professional Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,974 SF
    Class
    A
    Total Rate
    24145

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    A
    Size
    28,974 SF
    Rate per SF
    $10

    HighLights

    • 28,974 SF Class A medical office building available for lease or sale in Evansville, IN.
    • Located at 1020 Professional Blvd, Evansville, IN 47714 (APN 82‑06‑35‑016‑096.020‑027, Vanderburgh County).
    • Two‑story building built in 1996 with 102 parking spaces and elevator access.
    • Minimum divisible space: 3,500 SF; maximum contiguous space: 28,974 SF.
    • Situated on 2.57 acres of land, zoned CO‑2, near major medical facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Terrell Stoll Audiologist Dr. Richard A. Tibbals, ... Otolaryngologist Michael D. Puricelli, ... Otolaryngologist FYZICAL Therapy & Balance ... Physical Therapy Clinic TERRELL LYN STOLL Audiologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage 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
    -87.499791033344
    Latitude
    37.961070324377

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    FAQs

    What type of property is this?
    Medical office - Class A medical office building, fully vacant.
    Where is this medical office located?
    The property is located at 1020 Professional Blvd Evansville, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 28,974 SF Class A medical office building available for lease or sale in Evansville, IN.; Located at 1020 Professional Blvd, Evansville, IN 47714 (APN 82-06-35-016-096.020-027, Vanderburgh County).; Two-story building built in 1996 with 102 parking spaces and elevator access.
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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
    1020 Professional Blvd Evansville, IN 47714
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