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OFF-MARKET
Retail properties & Spaces

41 And Baseline Rd Evansville, IN 47725

117,531 SF 2.7 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.7-acre commercial lot, identified as Lot 3/#1434 within Baseline Park, presents a compelling investment opportunity in Evansville, Indiana. Located at the high-traffic intersection of Hwy 41 North and Baseline Road, this property boasts 117,531 square feet of developable land, zoned M-2. The asking price is $411,359, translating to $3.50 per square foot and $152,462 per acre. All utilities and streets are already in place, simplifying development. This prime location benefits from an estimated 28,000 daily vehicles passing by, providing excellent visibility and accessibility. Its strategic position offers convenient access to I-64 and the Evansville Regional Airport, enhancing its appeal to a wide range of businesses. 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 retail, office, or industrial development, capitalizing on the high traffic counts and excellent location within Evansville's thriving commercial corridor. The property's size and zoning make it suitable for a variety of commercial uses, offering significant potential for return on investment. Don't miss this chance to secure a prominent location in a rapidly growing area. The property is situated in Vanderburgh County, Indiana, with a zip code of 47725.

Property profile
Verified
Property type Retail properties & Spaces
Total area 117,531 SF
Lot 2.7 ac (117,612 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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