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    2230 Fares Ave Evansville, IN 47711

    Sponsored
    For Lease
    $10 SF/Yr ($2,316 /Mo)

    Prime Evansville location, single-tenant retail space.

    Lot size:
    2,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,780-square-foot commercial building, located at 2230 N Fares Ave in Evansville, Indiana, presents a unique investment opportunity. Situated on a 4.5-acre lot, this single-story structure is zoned C-4, offering versatile usage potential. Previously occupied by Old National Bank, the building boasts a spacious open area ideal for retail display or office space. Additional features include two private offices, a kitchenette, two restrooms, and a secure vault. The property's convenient location directly across from a new Huck's Gas Station, with excellent access from Diamond Avenue and Fares Avenue, ensures high visibility and accessibility. Ample on-site parking is available for customers and employees. The building's layout and amenities make it suitable for a variety of uses, including retail, office space, or even a bank branch. The Vanderburgh County property (APN: 09-650-17-016-036) offers a compelling combination of size, location, and functionality, making it an attractive prospect for discerning investors. The entire 2,780 square feet is currently vacant, providing immediate occupancy for the new owner.

    Property Features for 2230 Fares Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,780 SF
    Total Rate
    2316.67

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,780 SF
    Rate per SF
    $10

    HighLights

    • 2,780 SF single‑story commercial building on a 4.5‑acre lot in Evansville, IN.
    • C‑4 zoning allows for versatile use.
    • Previously a bank, features open space, two offices, kitchenette, two restrooms, and a secure vault.
    • High visibility location across from a new Huck's Gas Station, with easy access from Diamond Ave and Fares Ave.
    • Ample on‑site parking.
    • Currently vacant and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -87.53982665
    Latitude
    37.99814706

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    FAQs

    What type of property is this?
    Individual retail property - Prime Evansville location, single-tenant retail space.
    Where is this individual retail property located?
    The property is located at 2230 Fares Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 2,780 SF single-story commercial building on a 4.5-acre lot in Evansville, IN.; C-4 zoning allows for versatile use.; Previously a bank, features open space, two offices, kitchenette, two restrooms, and a secure vault.
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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
    2230 Fares Ave Evansville, IN 47711
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