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    1501 Allens Ln Evansville, IN 47710

    For Lease
    $11 SF/Yr ($16,555 /Mo)

    18,060 SF, 6,440 SF Vacant

    Lot size:
    18,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Evansville, Indiana property, located at 1501 Allens Lane, offers a unique blend of office and industrial space. The single-story, 18,060 square foot building sits on 1.21 acres of land and boasts a steel frame construction. Built in 1972, the property is zoned M-2 and features a convenient location just west of Kratzville Road and a half-mile north of Diamond Avenue in Evansville's north side. The building is comprised of both traditional office and warehouse space, currently offering 6,440 square feet of immediately available space for lease. The property's multiple tenancy allows for flexibility and adaptability to various business needs. The address is 1501 Allens Ln, Evansville, IN 47710, with the parcel number 82-05-12-034-077.048-020 in Vanderburgh County. This versatile property presents a significant opportunity for businesses seeking a strategic location with ample space to accommodate diverse operational requirements. The property's size and zoning make it suitable for a wide range of industrial and office uses. Interested parties should inquire about lease terms and availability.

    Property Features for 1501 Allens Ln

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,060 SF
    Total Rate
    16555

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite C
    Size
    6,440 SF
    Rate per SF
    $11

    HighLights

    • 18,060 SF single‑story building on 1.21 acres, Evansville, IN.
    • 6,440 SF of office/warehouse space immediately available for lease.
    • Secured, fenced parking lot with 24 asphalt paved spaces.
    • Easy access to US Highways 41 and 65.
    • Tenant pays pro‑rata share of property taxes and insurance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -87.5851949
    Latitude
    38.0081769

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    FAQs

    What type of property is this?
    Distribution property - 18,060 SF, 6,440 SF Vacant
    Where is this distribution property located?
    The property is located at 1501 Allens Ln Evansville, IN.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 18,060 SF single-story building on 1.21 acres, Evansville, IN.; 6,440 SF of office/warehouse space immediately available for lease.; Secured, fenced parking lot with 24 asphalt paved spaces.
    Request Owner's contact information
    1501 Allens Ln 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
    1501 Allens Ln Evansville, IN 47710
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