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    1033 Franklin St Evansville, IN 47710

    Sponsored
    For Sale
    $425,000

    7,978 SF Multi-Family Investment

    Property size:
    7,978 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Evansville, Indiana commercial property, located at 1033 W Franklin St, 47710, presents a compelling investment opportunity. The 7,978 square foot building, constructed in 1909, sits on a 0.11-acre lot and is zoned C-4. The property features a single, one-story building currently housing two tenants: a photography studio and a tattoo studio. Recent renovations include a new roof (2013), complete renovations of Suite 101 (2019) and Suite 102 (2021), and a 2022 HVAC replacement in Suite 201. An adjacent 0.10-acre lot is included in the sale, offering potential for approximately 10 parking spaces. The asking price is $425,000, translating to $53.27 per square foot. This multi-family property offers a blend of office and retail space, making it ideal for an owner-occupant seeking additional rental income streams. The property's location in Evansville, Vanderburgh County, provides excellent access to local amenities and transportation networks. The property's APN is 82-06-19-029-072.017-029. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential.

    Property Features for 1033 Franklin St

    General Information

    Property type
    Retail properties
    Square Feet
    7,978 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1909
    Buildings
    1
    Stories
    1

    HighLights

    • $425,000 asking price.
    • 7,978 square foot office and retail building with multi‑family zoning potential.
    • $53.27 price per square foot.
    • 1909 construction year, single‑story building on a 0.11‑acre lot.
    • C‑4 zoning.
    • Located at 1033 W Franklin St, Evansville, IN 47710.
    Property Profile Location Intelligence

    Current Use by Public Records

    Story Studio Evansville Photography Studio

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.579487913584
    Latitude
    37.980363320771

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    FAQs

    What type of property is this?
    Retail property - 7,978 SF Multi-Family Investment
    Where is this retail property located?
    The property is located at 1033 Franklin St Evansville, IN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price.; 7,978 square foot office and retail building with multi-family zoning potential.; $53.27 price per square foot.
    Request Owner's contact information
    1033 Franklin St Evansville, IN 47710
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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
    1033 Franklin St Evansville, IN 47710
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