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    2314 Franklin St Evansville, IN 47712

    Sponsored
    For Lease
    $20 SF/Yr ($5,866 /Mo)

    Prime location, 1,500 sq ft, $2,500/month

    Lot size:
    3,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail space, located at 2314 W Franklin St in Evansville, Indiana, presents a fantastic opportunity for a discerning business. The property, situated on a 0.07-acre lot, offers 1,500 square feet of vacant space within a larger 3,520 square foot building constructed in 1936. The building is a two-story structure, with the available space located on the lower level. The property is zoned C-4, allowing for a variety of retail uses. Convenient on-street parking is available, supplemented by a small parking area at the rear of the building. This vibrant location boasts high visibility on bustling W Franklin St, surrounded by a thriving mix of businesses including Pet Food Center, Hardee's, Kite & Key Cafe, Sportsman's Grille & Billiards, and Donut Bank, ensuring significant foot traffic and brand exposure. The monthly lease rate is $2,500, modified gross. The property's address is 2314 W Franklin St, Evansville, IN 47712, and its parcel number is 82-05-24-030-038.006-029 in Vanderburgh County. This is a single-tenant space offering a unique chance to establish or expand your business in a high-traffic area.

    Property Features for 2314 Franklin St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,520 SF
    Total Rate
    5866.67

    Building Details

    Year Built
    1936
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    1,500 SF
    Rate per SF
    $20
    Property Profile Location Intelligence

    Current Use by Public Records

    MK's Designs Home Goods Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.599644549191
    Latitude
    37.980424080911

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, 1,500 sq ft, $2,500/month
    Where is this individual retail property located?
    The property is located at 2314 Franklin St Evansville, IN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    Request Owner's contact information
    2314 Franklin St Evansville, IN 47712
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    Evansville, IN 47712
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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
    2314 Franklin St Evansville, IN 47712
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