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    2800 St Joseph Ave Evansville, IN 47720

    Sponsored
    For Sale
    Contact for pricing

    High-traffic location, flexible space options.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two outlot parcels, totaling 3.04 acres, situated in a high-traffic area of West Evansville, Indiana. The property boasts excellent visibility near the intersection of North Saint Joseph Avenue and West Diamond Avenue (State Route 66), experiencing over 36,000 vehicles daily. This prime location is strategically positioned within a thriving community, boasting a population exceeding 200,000 with average annual household incomes exceeding $67,000 within a 10-mile radius. The site offers significant advantages due to its proximity to established businesses and key demographics. Across the street is Parkview Care Center, a 108-bed nursing facility, and adjacent to Leisure Living, a 20-acre 55+ community. Available spaces include a 1.26-acre outlot, a 1.78-acre outlot, and building options of 20,000 and 5,000 square feet. The property is zoned for flexible use, accommodating various commercial ventures, including flex space, medical offices, and warehouse operations. This presents a unique chance to capitalize on a high-demand location with strong demographics and established neighboring businesses. The property's versatility and strategic positioning make it an ideal investment for developers and businesses seeking a prominent presence in a growing market.

    Property Features for 2800 St Joseph Ave

    General Information

    Property type
    Medical offices
    Lot Size
    21,780 SF

    HighLights

    • Industrial, mixed‑use property with flex, medical office, and warehouse space available.
    • Lot sizes range from 0.5 to 1.78 acres.
    • Located in Evansville, Indiana, at 2800 N St Joseph Ave, 47720, near the intersection of N St Joseph Ave and W Diamond Ave (SR 66), a high‑traffic area.
    • Strong demographics: over 200,000 people within 10 miles, with average annual incomes exceeding $67,000.
    • Excellent location near a large nursing care facility and a 55+ community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.600067854081
    Latitude
    38.003873441052

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    FAQs

    What type of property is this?
    Medical office - High-traffic location, flexible space options.
    Where is this medical office located?
    The property is located at 2800 St Joseph Ave Evansville, IN.
    What are key features of this property?
    This property features: Industrial, mixed-use property with flex, medical office, and warehouse space available.; Lot sizes range from 0.5 to 1.78 acres.; Located in Evansville, Indiana, at 2800 N St Joseph Ave, 47720, near the intersection of N St Joseph Ave and W Diamond Ave (SR 66), a high-traffic area.
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    2800 St Joseph Ave Evansville, IN 47720
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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
    2800 St Joseph Ave Evansville, IN 47720
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