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Property profile & analytics
OFF-MARKET
Commercial real estate

1033 Franklin St Evansville, IN 47710

7,978 SF 0.11 ac lot Built 1909
Entity Owned 8-yr Hold
Property ID
US31-0807367
Property summary
AI-generated overview

This Evansville, Indiana commercial property, located at 1033 W Franklin St, 47710, presents a compelling investment opportunity. The 7,978 square foot building, constructed in 1909, sits on a 0.11-acre lot and is zoned C-4. The property features a single, one-story building currently housing two tenants: a photography studio and a tattoo studio. Recent renovations include a new roof (2013), complete renovations of Suite 101 (2019) and Suite 102 (2021), and a 2022 HVAC replacement in Suite 201. An adjacent 0.10-acre lot is included in the sale, offering potential for approximately 10 parking spaces. The asking price is $425,000, translating to $53.27 per square foot. This multi-family property offers a blend of office and retail space, making it ideal for an owner-occupant seeking additional rental income streams. The property's location in Evansville, Vanderburgh County, provides excellent access to local amenities and transportation networks. The property's APN is 82-06-19-029-072.017-029. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential.

Property profile
Verified
Property type Commercial real estate
Year built 1909
Total area 7,978 SF
Lot 0.11 ac (4,792 SF)
APN 82-06-19-029-072.017-029
UPID US31-0807367
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
  • Story Studio Evansville (Bike/Boat/Book/etc) Store Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Gmpw Commercial LLC · 8 yrs held
Gmpw Commercial LLC
since 2018
2 recorded transactions
2018
Price N/A
2017
$159,800
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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