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Property profile & analytics
OFF-MARKET
Specialty properties

625 Bellemeade Ave Evansville, IN 47713

27,855 SF 1.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Evansville, Indiana property, located at 625 Bellemeade Ave, offers 27,855 square feet of versatile space on a 1.5-acre lot (APN 82-06-29-023-012.002-029). Currently configured as a thriving church and daycare center, the two-story Class B building boasts seven large classrooms, two offices, a conference room, a spacious indoor play area, and ample storage. A sizable sanctuary features a choir loft and additional office space. The property includes an existing kitchen, potentially upgradable for expanded childcare use. Recent renovations (2023) encompass a new HVAC system, updated plumbing, and a modernized fire and security system. The seller is open to leaving most daycare-related fixtures for a seamless transition. Zoned R-2, this property presents a unique opportunity for continued use as a church and daycare or for adaptive reuse. The building's prime location in downtown Evansville offers excellent visibility and accessibility. Asking price: $495,000.

Property profile
Verified
Property type Specialty properties
Total area 27,855 SF
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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