Property profile

41 And Baseline Rd Evansville, IN 47725

OFF-MARKET
Retail properties & Spaces
118,184 SF 2.71 ac lot
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Property summary

AI-generated overview

This exceptional 2.71-acre commercial lot, identified as APN 07-091-09-262-004, presents a compelling investment opportunity in Evansville, Indiana. Located at the high-traffic intersection of Hwy 41 North and Baseline Road, this property boasts a total of 118,184 square feet and is zoned M-2. The asking price is $413,644, translating to $3.50 per square foot and $152,462 per acre. All utilities and streets are already in place, simplifying development. This strategic location benefits from an estimated 28,000 daily vehicles passing by, providing excellent visibility and accessibility. Its proximity to I-64 and the Evansville Regional Airport further enhances its appeal. The 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 site for a variety of commercial uses, offering significant potential for growth and return on investment in a thriving Evansville location. The property's address is Hwy 41 North and Baseline Road, Evansville, IN 47725.

Property profile

Verified
Property type Retail properties & Spaces
Total area 118,184 SF
Lot 2.71 ac (118,048 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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