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Property profile & analytics
OFF-MARKET Estimated value $235,000
Parking lots & garages

1012 Virginia St Evansville, IN 47711

0.61 ac lot Built 1970
Individually Owned Absentee Owner Free & Clear
Property ID
US31-0763838
Property summary
AI-generated overview

This exceptional .7-acre commercial property, located at 1012 E Virginia St in Evansville, Indiana, presents a unique investment opportunity. Situated in a thriving industrial corridor, this parcel benefits from its proximity to major transportation arteries, including Highway 41 and the Lloyd Expressway, ensuring excellent accessibility and visibility. Currently utilized as a parking lot, the land is partially fenced, offering a degree of security and potentially reducing initial site preparation costs. The property is zoned C-4, opening up a wide range of potential commercial uses. With a total asking price of $90,000, this translates to a land value of $128,571 per acre, representing a compelling price point for investors seeking a strategic foothold in Evansville's dynamic industrial sector. The 47711 zip code further underscores the property's location within a well-established and rapidly developing area. This is an excellent opportunity for developers or businesses seeking a strategically located parcel in Vanderburgh County. The property's size and zoning make it suitable for a variety of commercial ventures. Serious inquiries are encouraged.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1970
Lot 0.61 ac (26,615 SF)
APN 82-06-21-024-094.002-029
UPID US31-0763838
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
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k
Owner & transaction history
DEBORAH D DILLON
DEBORAH D DILLON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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