Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Barber Shop
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Law Firm Insurance Agency
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Clothing & Fashion Store
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Insurance Agency
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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