1016 Weinbach Ave Evansville, IN 47714-2967
Property Lookup
Property profile & analytics
1016 Weinbach Ave Evansville, IN 47714-2967
- Strip malls
- 12,884 SF
- 1.21 lot acres
Property ID
US31-0832091
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Lilly's Tienda / Clothing & Fashion Store
- The Shop! Haitian / Barber Shop
- Barbershop Haitian / Barber Shop
- Las Americas Store & Restaurant, Inc. / Grocery & Convenience Store / Food Market
- Lollys Pops / Take-out & Catering / Catering Service
Property Details for 1016 Weinbach Ave
- Year built
- 1963
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.21 lot acres
- Property size
- 12,884 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 82-06-34-017-076.020-027
- APU
- 820634017076020027
Description
This exceptional investment opportunity presents a fully occupied, 12,884 square foot retail shopping center in Evansville, Indiana. Located on a high-traffic corner with over 25,000 cars daily, the property boasts eight tenants, all currently operating under double net (NN) leases. The 1-story, 1963-built building sits on a 1.22-acre lot and benefits from below-market rents, presenting a significant opportunity for future income growth. Projected rental increases are anticipated by the second quarter of 2025, further enhancing the property's already strong 8% pro-forma cap rate and $94,001 NOI. The strategic location near the University of Evansville and Benjamin Bosse High School ensures a consistent flow of customers and a stable tenant base. The property's strong tenant mix, including local businesses and national chains, creates excellent retail synergy. The current owner is motivated to sell this prime retail asset, offering a compelling return on investment in a thriving market with a 5-mile population exceeding 120,000 and an average household income of $59,828. This is a rare chance to acquire a well-established, high-performing retail center in a desirable location with significant upside potential. The asking price is $1,175,000, representing a price per square foot of $91.20.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.529
- Latitude
- 37.962
- CBSA code
- 21780
- CBSA name
- EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,766
$158,400
$275,600
$434,000
-
$158,400
$275,600
$434,000
