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    313 Main St Evansville, IN 47708

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Main Street location, multiple units available

    Lot size:
    21,888 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 313 Main St, Evansville, IN 47708, offers a unique leasing opportunity in the heart of downtown. The two-story, 21,888 square foot building, constructed in 1899, is zoned C-1 and features a total of three available spaces. Individual spaces range from 4,674 to 9,348 contiguous square feet, with 9,348 square feet currently vacant. The building includes elevators and offers flexible layouts suitable for various retail, office, or mixed-use ventures. Its prominent Main Street location ensures high visibility and accessibility. Leasing rates are competitive: $18 per square foot annually for first-floor space, $12 per square foot annually for second-floor space, and $15 per square foot annually for both floors. The lease is a triple net (NNN) lease. This presents a rare chance to establish a thriving business in a highly desirable downtown Evansville location. The building's classic architecture and modern amenities combine to create an attractive and functional space for a variety of businesses. Don't miss this opportunity to secure a prominent presence in Evansville's vibrant downtown area. Contact us today to learn more about this exceptional leasing opportunity.

    Property Features for 313 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,888 SF
    Class
    C
    Total Rate
    21888

    Building Details

    Year Built
    1899
    Stories
    2

    Unit(s) available at that property

    Space
    313 Main St. - 1st & 2nd Floor
    Size
    9,348 SF
    Rate per SF
    $15
    Space
    313 Main St.- 1st Floor
    Size
    4,674 SF
    Rate per SF
    $18
    Space
    313 Main St. - 2nd Floor
    Size
    4,674 SF
    Rate per SF
    $12

    HighLights

    • 21,888 SF multi‑tenant retail building.
    • 9,348 SF of vacant space available, divisible to 4,674 SF.
    • First floor lease rate: $18/SF/year.
    • Second floor lease rate: $12/SF/year.
    • Both floors lease rate: $15/SF/year.
    • NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Y Factor Studio ... Interior Designer

    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
    -87.5715818
    Latitude
    37.9710496

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    FAQs

    What type of property is this?
    Individual retail property - Prime Main Street location, multiple units available
    Where is this individual retail property located?
    The property is located at 313 Main St Evansville, IN.
    What is the lease rate?
    The lease rate is $12-$18 SF/Yr.
    What are key features of this property?
    This property features: 21,888 SF multi-tenant retail building.; 9,348 SF of vacant space available, divisible to 4,674 SF.; First floor lease rate: $18/SF/year.
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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
    313 Main St Evansville, IN 47708
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