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    41 And Baseline Rd Evansville, IN 47725

    For Sale
    $411,359

    Evansville Retail/Office Land Investment

    Property size:
    117,531 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.7-acre commercial lot, identified as Lot 3/#1434 within Baseline Park, presents a compelling investment opportunity in Evansville, Indiana. Located at the high-traffic intersection of Hwy 41 North and Baseline Road, this property boasts 117,531 square feet of developable land, zoned M-2. The asking price is $411,359, translating to $3.50 per square foot and $152,462 per acre. All utilities and streets are already in place, simplifying development. This prime location benefits from an estimated 28,000 daily vehicles passing by, providing excellent visibility and accessibility. Its strategic position offers convenient access to I-64 and the Evansville Regional Airport, enhancing its appeal to a wide range of businesses. The property is part of a larger development with several lots available, ranging from 1.4 to 2.8 acres. Detailed covenants, restrictions, and plat maps are available upon request. This is an ideal site for retail, office, or industrial development, capitalizing on the high traffic counts and excellent location within Evansville's thriving commercial corridor. The property's size and zoning make it suitable for a variety of commercial uses, offering significant potential for return on investment. Don't miss this chance to secure a prominent location in a rapidly growing area. The property is situated in Vanderburgh County, Indiana, with a zip code of 47725.

    Property Features for 41 And Baseline Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    117,531 SF
    Lot Size
    117,612 SF

    HighLights

    • $411,359 asking price for a 117,531 SF commercial property.
    • Retail, office, industrial, and land uses permitted.
    • M‑2 zoning.
    • 2.7‑acre lot size, $152,462/acre land value.
    • $3.50 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5105734
    Latitude
    38.1222287

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    FAQs

    What type of property is this?
    Individual retail property - Evansville Retail/Office Land Investment
    Where is this individual retail property located?
    The property is located at 41 And Baseline Rd Evansville, IN.
    What is the asking price?
    The asking price for this property is $411,359.
    What are key features of this property?
    This property features: $411,359 asking price for a 117,531 SF commercial property.; Retail, office, industrial, and land uses permitted.; M-2 zoning.
    Request Owner's contact information
    41 And Baseline Rd 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
    41 And Baseline Rd Evansville, IN 47725
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