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    1020 Professional Blvd Evansville, IN 47714

    Sponsored
    For Sale
    $3,500,000

    Class A medical office building, Evansville, IN.

    Property size:
    28,974 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, located at 1020 Professional Blvd in Evansville, Indiana, presents a compelling investment opportunity. The property boasts 28,974 square feet of space, situated on a 2.57-acre lot. Constructed in 1996, this two-story building is zoned CO-2 and features a desirable location near Ascension St. Vincent Hospital, DaVita Dialysis, St. Vincent Surgicare, Merit Dental, and Dermatology Associates of Indy, ensuring high visibility and convenient access for patients and staff. The asking price is $3,500,000, translating to $120.80 per square foot. The property's prime location and substantial size make it ideal for a variety of medical and professional office uses. The property's APN is 82-06-35-016-096.020-027. This is a rare opportunity to acquire a well-established, high-quality medical office building in a thriving Evansville neighborhood. The building's single structure and ample parking provide convenience and accessibility. Serious inquiries are encouraged.

    Property Features for 1020 Professional Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    28,974 SF
    Class
    A
    Lot Size
    111,949 SF

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Terrell Stoll Audiologist Dr. Richard A. Tibbals, ... Otolaryngologist Michael D. Puricelli, ... Otolaryngologist FYZICAL Therapy & Balance ... Physical Therapy Clinic TERRELL LYN STOLL Audiologist

    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
    -87.499791033344
    Latitude
    37.961070324377

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    FAQs

    What type of property is this?
    Medical office - Class A medical office building, Evansville, IN.
    Where is this medical office located?
    The property is located at 1020 Professional Blvd Evansville, IN.
    What is the asking price?
    The asking price for this property is $3,500,000.
    Request Owner's contact information
    1020 Professional Blvd Evansville, IN 47714
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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
    1020 Professional Blvd Evansville, IN 47714
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