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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2303 Morgan Ave Evansville, IN 47711

3,966 SF 2.5 ac lot Built 1940
Property ID
Property summary
AI-generated overview

This exceptional 3,966-square-foot creative office space, located at 2303 E Morgan Ave in Evansville, Indiana, presents a unique investment opportunity. Recently renovated in 2023, this single-tenant building boasts a prime location within a bustling retail center on the east side of Morgan Avenue, offering high visibility and traffic. The property features a spacious single-story structure built in 1940, with a substantial 9-foot ceiling height. The 2.5-acre lot provides ample space, and the building includes 10 parking spaces. Conveniently situated, it's just three minutes from Route 41 and five minutes from N Green River Road, ensuring easy access for employees and customers. Classified as a Class B property, this versatile space is suitable for a variety of uses, including retail, office, or restaurant operations. All common area maintenance (CAM) charges are included in the base rent, and utilities are the responsibility of the tenant. The property is situated in Vanderburgh County, Indiana, with a zip code of 47711. There are no elevators on the property. Property taxes are $0 per square foot. The entire 3,966 square feet is currently vacant. This is a single-tenant building.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1940
Total area 3,966 SF
Lot 2.5 ac (108,900 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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