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Property profile & analytics
FOR LEASE
Medical Office Space

1020 Professional Blvd Evansville, IN 47714

28,974 SF 2.57 ac lot Built 1995
Individually Owned 10-yr Hold ~ Est. High Equity
Property ID
US31-1221384
Property summary
AI-generated overview

This exceptional Class A medical office building, located at 1020 Professional Blvd in Evansville, Indiana, presents a unique opportunity. The entire 28,974 square foot building is currently available for lease or sale. Built in 1996, this two-story structure boasts 102 parking spaces and convenient elevator access. The minimum divisible space is 3,500 square feet, while the maximum contiguous space available is the entire building. The property sits on 2.57 acres of land and is zoned CO-2. Its prime location offers excellent visibility and accessibility, situated near major medical facilities including Ascension St. Vincent Hospital, DaVita Dialysis, St. Vincent Surgicare, Merit Dental, and Dermatology Associates of Indy. The property features one suite and is ideal for a single large tenant or multiple smaller tenants seeking a collaborative environment. The property's APN is 82-06-35-016-096.020-027 and is located in Vanderburgh County, Indiana, zip code 47714. This is a rare opportunity to acquire a fully vacant, high-quality medical office building in a thriving medical corridor. The building's size and amenities make it suitable for a wide range of medical and professional office uses.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Construction WOOD
Total area 28,974 SF
Lot 2.57 ac (112,149 SF)
APN 82-06-35-016-096.020-027
UPID US31-1221384
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
Current use
Occupant on record · Public records
  • Dr. Terrell Stoll Physician
  • Dr. Richard A. Tibbals, MD Physician
  • Michael D. Puricelli, MD Physician
  • FYZICAL Therapy & Balance Centers Medical Clinic
  • TERRELL LYN STOLL Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$805k
Owner & transaction history
1020 Professional Blvd Medical · 10 yrs held
1020 Professional Blvd Medical
since 2016
1 recorded transaction
2016
$4.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $1.2M +4.8%
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More about this property
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