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    5505 Foundation Dr Evansville, IN 47725

    Sponsored
    For Lease
    Contact for pricing

    Prime I-69/I-64 location, customizable warehouse.

    Lot size:
    206,221 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional build-to-suit opportunity is situated in Evansville's premier Vanderburgh Industrial Park, offering unparalleled access to major transportation arteries. The property boasts a 9.084-acre lot with high visibility from I-69 and frontage on US-57. The proposed building, ranging from 100,000 to 206,221 square feet, is perfectly suited for manufacturing, warehousing, and distribution needs. Customization is available to meet specific tenant requirements. Building specifications include a pre-engineered steel structure with an optional concrete tilt construction, a 1,000 square foot office area, 32-foot ceilings, 50' x 50' column spacing, 7-inch unreinforced concrete flooring, 30 employee parking spaces, approximately five loading docks with equipment, and two drive-in doors. The building will also feature an ESFR fire suppression system, T-5 lighting with motion sensors, and warehouse heating. Construction is estimated to take 8-10 months. The quoted asking rates are based on a 15-year lease term, with rates for a 10-year term available upon request. The property is zoned M-2 and has APN 82-04-01-009-277.013-030. This single-tenant, one-story building presents a rare chance to secure a state-of-the-art facility in a highly desirable location.

    Property Features for 5505 Foundation Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    206,221 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    206,221 SF

    HighLights

    • Industrial property, single‑tenant occupancy.
    • 100,000 - 206,221 square foot build‑to‑suit opportunity.
    • Located in Evansville's Vanderburgh Industrial Park, with excellent visibility from I‑69 and frontage on US‑57.
    • Proposed building features 32' ceilings, 50' x 50' column spacing, and ESFR fire suppression.
    • Includes approximately 30 employee parking spaces, five loading docks, and two drive‑in doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Building Supply Wholesale Shop Clothing Store Garden Center Toy Store Shoe Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.481463802528
    Latitude
    38.115246467561

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    FAQs

    What type of property is this?
    Distribution property - Prime I-69/I-64 location, customizable warehouse.
    Where is this distribution property located?
    The property is located at 5505 Foundation Dr Evansville, IN.
    What are key features of this property?
    This property features: Industrial property, single-tenant occupancy.; 100,000 - 206,221 square foot build-to-suit opportunity.; Located in Evansville's Vanderburgh Industrial Park, with excellent visibility from I-69 and frontage on US-57.
    Request Owner's contact information
    5505 Foundation Dr Evansville, IN 47725
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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
    5505 Foundation Dr Evansville, IN 47725
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