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    1223 Hirschland Rd Evansville, IN 47715

    Sponsored
    For Lease
    $17 SF/Yr ($17,960 /Mo)

    High-Visibility Strip Center, 5 Spaces Available

    Lot size:
    12,316 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 12,316 square foot retail center in Evansville, Indiana, offers five available spaces ranging from 1,630 to 7,260 contiguous square feet. Located at 1223 Hirschland Road, this 2002-built property sits on a 1.75-acre lot and is zoned C-4. The center enjoys a highly visible location in the Promenade, adjacent to established businesses like Fresh Thyme Farmers Market and Drake's. One space includes a drive-thru. The property features ample, well-lit parking and easy access to Burkhardt Road. The building is currently 50% leased to a new restaurant. The cold dark shell rental spaces are ideal for retailers, restaurants, or medical users. The area boasts strong surrounding businesses including Sam's Club, Academy Sports, Marshall's, and Costco. Future road improvements will further enhance accessibility and visibility. This is a prime opportunity to capitalize on the growing Promenade area. Minimum divisible space is 1,630 square feet. Vanderburgh County location.

    Property Features for 1223 Hirschland Rd

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,316 SF
    Total Rate
    17960.83

    Building Details

    Year Built
    2002

    Unit(s) available at that property

    Space
    Suite 1 - Drive Thru
    Size
    2,000 SF
    Rate per SF
    $20
    Space
    Suite 2 - Interior
    Size
    7,260 SF
    Rate per SF
    $17
    Space
    Suite 3 - Interior
    Size
    1,630 SF
    Rate per SF
    $17
    Space
    Suite 4 - Corner End Cap
    Size
    2,000 SF
    Rate per SF
    $20
    Space
    Suite 5 - Pick Up Window
    Size
    5,040 SF
    Rate per SF
    $20

    HighLights

    • 12,316 SF retail center in Evansville, IN, with five available spaces (1,630‑7,260 SF contiguous).
    • Located at 1223 Hirschland Rd., on a 1.75‑acre lot, zoned C‑4.
    • High‑visibility location in the Promenade, adjacent to Fresh Thyme Farmers Market and Drake's; one space includes a drive‑thru.
    • Ample parking, easy Burkhardt Road access, and strong surrounding businesses (Sam's Club, Academy Sports, Marshall's, Costco).
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4725423
    Latitude
    37.9876289

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    FAQs

    What type of property is this?
    Strip mall - High-Visibility Strip Center, 5 Spaces Available
    Where is this strip mall located?
    The property is located at 1223 Hirschland Rd Evansville, IN.
    What is the lease rate?
    The lease rate is $17-$20 SF/Yr.
    What are key features of this property?
    This property features: 12,316 SF retail center in Evansville, IN, with five available spaces (1,630-7,260 SF contiguous).; Located at 1223 Hirschland Rd., on a 1.75-acre lot, zoned C-4.; High-visibility location in the Promenade, adjacent to Fresh Thyme Farmers Market and Drake's; one space includes a drive-thru.
    Request Owner's contact information
    1223 Hirschland Rd Evansville, IN 47715
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    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
    1223 Hirschland Rd Evansville, IN 47715
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