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    8601 Kentucky Ave Evansville, IN 47715

    Sponsored
    For Lease
    $10 SF/Yr ($19,887 /Mo)

    High-traffic retail space, multiple suites available.

    Lot size:
    23,865 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 8601 N. Kentucky Avenue in Evansville, Indiana, presents a unique investment opportunity. The single-story, 23,865 square foot strip center sits on a 2.5-acre lot and was built in 1994. Currently, there are two suites, with 8,191 square feet of vacant space available for lease. Flexible space options range from a minimum of 1,737 square feet to a maximum contiguous space of 4,717 square feet, catering to a variety of business needs. The property boasts a highly desirable location on Evansville's North Side, enjoying excellent visibility and accessibility. Its strategic placement near prominent businesses such as NorthWinds Church, MidWest Skin Institute, Bob's Gym, Deaconess, Iwataya Japanese Restaurant, and Johnson Controls ensures high foot traffic and strong potential for tenant success. The property is zoned M-2 and features the APN 82-04-28-002-660.014-019. This prime retail space offers an unparalleled chance to establish or expand your business in a thriving commercial area of Vanderburgh County, Indiana, with easy access via the cross street, E Mount Pleasant Road, and zip code 47715.

    Property Features for 8601 Kentucky Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,865 SF
    Total Rate
    19887.5

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit H
    Size
    947 SF
    Rate per SF
    $10

    HighLights

    • 23,865 SF single‑story retail strip center on a 2.5‑acre lot in Evansville, IN.
    • 8,191 SF of vacant space available for lease, divisible into suites ranging from 1,737 SF to 4,717 SF.
    • High‑visibility location on Evansville's North Side, near major businesses and with excellent accessibility.
    • APN 82‑04‑28‑002‑660.014‑019; Zoned M‑2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mrs Tiffi's Child ... Child Care Agency Amber Nicole Arnold ... Insurance Agency Aflac Insurance Agency Edward Jones - Financial ... Investment Service St Marys Family ... Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon 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
    -87.5438349
    Latitude
    38.0560101

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, multiple suites available.
    Where is this neighborhood center located?
    The property is located at 8601 Kentucky 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: 23,865 SF single-story retail strip center on a 2.5-acre lot in Evansville, IN.; 8,191 SF of vacant space available for lease, divisible into suites ranging from 1,737 SF to 4,717 SF.; High-visibility location on Evansville's North Side, near major businesses and with excellent accessibility.
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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
    8601 Kentucky Ave Evansville, IN 47715
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