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    Property profile & analytics

    32 Morton Ave Evansville, IN 19070

    • Retail properties
    • 30,000 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 32 Morton Ave

    Year built
    1970
    Property size
    30,000 SF
    Property type
    Retail properties

    Description

    This exceptional 30,000-square-foot retail storefront, located at 32 S Morton Ave in Evansville, Indiana, presents a unique opportunity for a single-tenant occupant. Built in 1970, the property boasts ample space ideal for a variety of retail uses. The building is entirely vacant, offering a blank canvas for a prospective tenant to customize the space to their specific needs. With 50 parking spaces readily available, customer convenience is ensured. The property is zoned NC-Neighborhood Commercial District within Vanderburgh County, making it suitable for a range of commercial enterprises. The expansive square footage, combined with the convenient parking and favorable zoning, makes this property an attractive investment for businesses seeking a prominent location in Evansville. The address, 32 S Morton Ave, offers excellent visibility and accessibility, ensuring high foot traffic and easy customer access. This single-tenant occupancy provides a unique opportunity for a business to establish a strong presence in a thriving community. The property's size and location make it an ideal choice for a large-scale retailer or a business requiring significant space for operations and inventory. The 1970 construction offers a solid foundation for a long-term lease, providing a stable and reliable space for business growth. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The zip code for this property is 19070.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5537
    Latitude
    37.9953
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    32 Morton Ave
    Evansville, IN 19070
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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