Property profile

41 And Baseline Rd Evansville, IN 47725

OFF-MARKET
Retail properties & Spaces
118,594 SF 2.72 ac lot
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Property summary

AI-generated overview

This exceptional 2.72-acre commercial lot, identified as Lot 5 within the Baseline Park development (#1434), presents a unique investment opportunity in Evansville, Indiana. Located at the highly visible intersection of Hwy 41 North and Baseline Road, this property boasts an estimated 28,000 daily traffic count, ensuring maximum exposure for any commercial venture. The lot is zoned M-2, allowing for a variety of uses including retail, office, and industrial development. With a total area of 118,594 square feet, the asking price is $415,079, translating to $3.50 per square foot and $152,457 per acre. All utilities and streets are already in place, simplifying the development process. Its strategic location offers convenient access to I-64 and the Evansville Regional Airport, enhancing its appeal to a wide range of businesses. This property is part of a larger development with several lots available, ranging from 1.4 to 2.8 acres. Detailed covenants, restrictions, and plat maps are available upon request. This is an ideal location for businesses seeking high visibility and accessibility in a thriving commercial area. Don't miss this chance to secure a prime piece of Evansville real estate.

Property profile

Verified
Property type Retail properties & Spaces
Total area 118,594 SF
Lot 2.72 ac (118,483 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

41 And Baseline Rd Evansville, IN 47725
Evansville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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