1033 Franklin St Evansville, IN 47710
- Commercial real estate
- 7,978 SF
- 0.11 lot acres
Current Use by Public Records
- Story Studio Evansville / Photography Studio
Property Details for 1033 Franklin St
- Year built
- 1909
- Lot size
- 0.11 lot acres
- Property size
- 7,978 SF
- Property type
- Commercial real estate
- APN
- 82-06-19-029-072.017-029
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.579487913584
- Latitude
- 37.980363320771
