20 4Th St Evansville, IN 47708
- Commercial real estate
- 0.26 lot acres
Current Use by Public Records
- Broadhead John P / Attorney
- Executive Barber Shop / Barber Shop
- Bryant Michele S / Insurance Attorney
- Stephan G Sanders Fine Men's Clothier / Men'S Clothing Store
- Superb Choice Insurance CO / Insurance Agency
Property Details for 20 4Th St
- Year built
- 1931
- Lot size
- 0.26 lot acres
- Property type
- Commercial real estate
Description
This stunning 10-story building, located at 20 NW 4th Street in Evansville, Indiana, presents a unique investment opportunity. Originally constructed in 1929 and designed by the same architect who designed the Empire State Building, this architectural masterpiece boasts a rich history. For decades, it served as the headquarters for a local utility company and housed numerous other tenants. Situated on a 0.26-acre lot in the heart of downtown Evansville, this property offers exceptional versatility. Its current configuration could easily accommodate office space, but the building's size and location also lend themselves to conversion into residential units, either condominiums or apartments. The building's prominent location and historical significance offer significant potential for future development and appreciation. The asking price of $2,500,000 presents a compelling opportunity for investors seeking a high-impact property with substantial redevelopment potential in a thriving downtown area. The building's substantial size and prime location make it an ideal candidate for a variety of uses, ensuring a strong return on investment for the discerning buyer. The possibilities are truly endless for this iconic Evansville landmark.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.572
- Latitude
- 37.9721
