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    528 Main St Evansville, IN 47708

    Sponsored
    For Sale
    $2,683,000

    Iconic Evansville Office Building, Net Lease Opportunity

    Property size:
    45,218 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning Beaux Arts-style American Trust Building, a National Register of Historic Places property (82000094), presents a unique investment opportunity in downtown Evansville, Indiana. Built in 1904, this four-story, 45,218 square foot building boasts exquisite architectural details including a carved limestone façade, copper roof trim, wood and brass doorways, marble wainscoting, and vintage gated elevators. The property sits on a 0.57-acre lot (APN: 82-06-30-020-033.013-029

    Property Features for 528 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    45,218 SF
    Class
    B
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1904
    Buildings
    1
    Stories
    4

    HighLights

    • Beaux Arts architecture, built in 1904.
    • Basement offers office and storage space.
    • 64‑space surface parking lot.
    • Single and three‑phase power.
    • 1600+ AMP power supply.
    • Two gated elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    VPS Architecture Inc: ... Architect VPS Architecture Architect Supreme Therapeutics Alcohol ... Health Counselor Vps Architecture Inc: ... Architect Veazey Scott C Architect

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.568923693055
    Latitude
    37.972683002663

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    FAQs

    What type of property is this?
    Retail property - Iconic Evansville Office Building, Net Lease Opportunity
    Where is this retail property located?
    The property is located at 528 Main St Evansville, IN.
    What is the asking price?
    The asking price for this property is $2,683,000.
    What are key features of this property?
    This property features: Beaux Arts architecture, built in 1904.; Basement offers office and storage space.; 64-space surface parking lot.
    Request Owner's contact information
    528 Main St Evansville, IN 47708
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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
    528 Main St Evansville, IN 47708
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