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Property profile & analytics
OFF-MARKET
Banks

1000 Professional Blvd Evansville, IN 47714

3,105 SF 0.8 ac lot Built 1999
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-1080579
Property summary
AI-generated overview

This exceptional 3,105 square foot retail property, formerly a bank branch, is situated on a 0.8-acre lot in Evansville, Indiana, at 1000 Professional Blvd, zip code 47714. The single-story building is zoned C-1 and boasts a strategic location within the Professional Concourse, a premier medical office park developed due to its proximity to St. Vincent Hospital (formerly St. Mary's Hospital), a 445-bed facility. This location benefits from being in one of Evansville's highest-density residential areas, ensuring high visibility and foot traffic. The asking price is $510,000, translating to $164.25 per square foot. The property includes a deed restriction for banking use at closing. Covenants and restrictions are available for review. A key advantage is the existing lease-back agreement for the ATM, providing immediate rental income. The property's APN is 82-06-35-016-096.022-027. This presents a unique opportunity for investors seeking a high-return property in a thriving medical corridor. The building's single-story design and ample lot size offer flexibility for various retail uses. This is a turnkey opportunity with significant potential for growth and return on investment.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1999
Construction WOOD
Total area 3,105 SF
Lot 0.8 ac (34,775 SF)
APN 82-06-35-016-096.022-027
UPID US31-1080579
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Diamond Valley Federal Credit Union · 1 yrs held
Diamond Valley Federal Credit Union
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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