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    8401 Kentucky Ave Evansville, IN 47725

    For Lease
    $12 SF/Yr

    High-traffic location, flexible space available

    Lot size:
    31,005 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional single-story retail strip center, located at 8401 N Kentucky Avenue in Evansville, Indiana, presents a compelling investment opportunity. The property boasts a total of 31,005 square feet across two suites, situated on a generous 3.3-acre lot. Currently, there is 21,061 square feet of vacant space available, offering significant potential for expansion or lease to multiple tenants. The minimum divisible space is 2,400 square feet, while the maximum contiguous space available is 8,003 square feet, providing flexibility for various business needs. Built in 1997, the property is zoned M-2, allowing for a range of commercial uses. The convenient location at the cross streets of N Kentucky Avenue and E Mount Pleasant Road ensures high visibility and accessibility. The property's address is 8401 N Kentucky Ave, Evansville, IN 47725, and its parcel number is 82-04-28-002-660.011-019. This prime retail space offers a unique chance to establish or expand a business in a thriving Evansville market. The property's size and location make it ideal for a variety of retail concepts, offering substantial potential for return on investment. Don't miss this opportunity to secure a prominent retail presence in a high-demand area.

    Property Features for 8401 Kentucky Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,005 SF
    Total Rate
    31005

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    G
    Size
    2,400 SF
    Rate per SF
    $12

    HighLights

    • 1,800 - 8,003 SF available, divisible into Suites A, B, C, D, F, J, K, L, & M.
    • $11/SF annual lease rate.
    • $2.49/SF annual CAM (NNN).
    • Excellent Highway 41 & Mount Pleasant Road location.
    • Suitable for office, service, or retail uses.
    • Highway 41 (at Mount Pleasant) boasts 26,041 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Johnson Controls Inc. Solar Energy Company Comic Quest Comic Book Store Sunrise Cafe Family ... American Restaurant Madstache Media Company Percheron Acquisitions Gas Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4703029
    Latitude
    37.961954

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic location, flexible space available
    Where is this neighborhood center located?
    The property is located at 8401 Kentucky Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1,800 - 8,003 SF available, divisible into Suites A, B, C, D, F, J, K, L, & M.; $11/SF annual lease rate.; $2.49/SF annual CAM (NNN).
    Request Owner's contact information
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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
    8401 Kentucky Ave Evansville, IN 47725
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