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    850 Green River Rd Evansville, IN 47715

    For Lease
    $4 SF/Yr

    165,000 SF Warehouse, 13.85 Acres

    Lot size:
    164,611 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 164,611-square-foot warehouse, situated on 13.85 acres in Evansville, Indiana, presents a significant investment opportunity. The property boasts a single-tenant occupancy, offering flexibility for various uses. Built in 1956, this Class B building features a single story and over 300 parking spaces. Its strategic location at 850 S Green River Rd, near Washington Ave, is zoned C-4, providing ample potential. The property's size allows for up to 40,500 square feet of retail space, currently anchored by a grocery store. The property's location in Evansville, Indiana, offers access to a robust regional economy, including three NYSE-listed companies headquartered in the city. Evansville's central location within the Illinois-Indiana-Kentucky tri-state area, and its proximity to major US cities, further enhances its appeal. The property's APN is 82-06-25-017-109.008-027. This is a rare opportunity to acquire a substantial, well-located commercial property with significant upside potential.

    Property Features for 850 Green River Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    164,611 SF
    Class
    B
    Total Rate
    54870.33

    Building Details

    Year Built
    1956
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    45,000 SF
    Rate per SF
    $7

    HighLights

    • 164,611 SF warehouse on 13.85 acres in Evansville, IN.
    • Currently 34,527 SF leasable, expandable to 45,000 SF.
    • Two loading docks and 17‑foot clear height.
    • High traffic counts: 28,362 VPD on S Green River Rd and 9,814 VPD on Washington Ave.
    • Strong tenant roster including Schnucks, Big Lots, and other national retailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dunkin' Coffee Shop Love Hopen Focus Gift Shop uBreakiFix - Phone and Computer ... Computer Support And Services 5d Holistic Healing ... Aromatherapy Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.491148574214
    Latitude
    37.965114552576

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    FAQs

    What type of property is this?
    Distribution property - 165,000 SF Warehouse, 13.85 Acres
    Where is this distribution property located?
    The property is located at 850 Green River Rd Evansville, IN.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 164,611 SF warehouse on 13.85 acres in Evansville, IN.; Currently 34,527 SF leasable, expandable to 45,000 SF.; Two loading docks and 17-foot clear height.
    Request Owner's contact information
    850 Green River Rd Evansville, IN 47715
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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
    850 Green River Rd Evansville, IN 47715
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