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    1516 Division St Evansville, IN 47711

    Sponsored
    For Sale
    $100,000

    16,000 SF Development Site, $100K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 16,000 square foot development site presents a compelling investment opportunity in Evansville, Indiana. Located at 1516 E Division St, this property boasts high visibility and accessibility, situated along the Lloyd Expressway, just east of Highway 41. The site comprises three contiguous lots (APN: 82-06-21-012-063.010-027

    Property Features for 1516 Division St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -87.536417779654
    Latitude
    37.977170194619

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    FAQs

    What type of property is this?
    Land - 16,000 SF Development Site, $100K
    Where is this land located?
    The property is located at 1516 Division St Evansville, IN.
    What is the asking price?
    The asking price for this property is $100,000.
    (812) 426-1070
    Request Owner's contact information
    1516 Division St Evansville, IN 47711
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    Evansville, IN 47711
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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
    1516 Division St Evansville, IN 47711
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