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    955 Diamond Ave Evansville, IN 47711

    Sponsored
    For Lease
    Contact for pricing

    136K SF Manufacturing/Warehouse

    Lot size:
    136,704 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 136,704-square-foot industrial property, situated on 6.95 acres in Vanderburgh County, presents a unique investment opportunity. Built in 1939 and renovated in 2000, the single-story building boasts a 18-foot ceiling height, ideal for various manufacturing and warehousing needs. The property features four loading docks with four dock-high doors, two drive-ins, and ample parking for 97 vehicles, divided between a north lot (63 spaces) and a west lot (34 spaces). Additional fenced outdoor space is available for lay-down yard or extra parking. The building is equipped with a robust power supply, including 480-volt, 3-phase power at multiple stations, and modern LED lighting. Interior features include a water filtration system, cooling tower, air compressor, two 80,000-pound silos, an air-conditioned server room, 22 offices, a conference room, and a cafeteria. The manufacturing area offers 20-foot column spacing, while the warehouse area provides 40-foot column spacing. A new roof was installed 4-6 years ago, and a security alarm system is in place. Racking may be included in the sale. The property is currently undergoing renovations and is zoned M-2.

    Property Features for 955 Diamond Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    136,704 SF

    Building Details

    Year Built/Renovated
    1939/2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    955 E Diamond Ave
    Size
    135,930 SF

    HighLights

    • 136,704 SF industrial building on 6.95 acres in Vanderburgh County.
    • Multiple tenancy, Manufacturing/Warehouse subtype.
    • 1‑story building, built in 1939, renovated in 2000.
    • 18' ceiling height, 4 loading docks, 2 drive‑ins, 97 parking spaces.
    • 3‑phase power, M‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.547273744337
    Latitude
    37.999070555946

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    FAQs

    What type of property is this?
    Distribution property - 136K SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 955 Diamond Ave Evansville, IN.
    What are key features of this property?
    This property features: 136,704 SF industrial building on 6.95 acres in Vanderburgh County.; Multiple tenancy, Manufacturing/Warehouse subtype.; 1-story building, built in 1939, renovated in 2000.
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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
    955 Diamond Ave Evansville, IN 47711
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