Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    105 9th Ave Evansville, IN 47712

    • Showrooms
    • 21,477 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Last Sale
    Mar 27, 2025
    Location Intelligence
    Property ID
    US31-3189233
    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.

    Current Use by Public Records

    • Showrooms

    Property Details for 105 9th Ave

    Year built
    1894
    Construction
    WOOD
    Lot size
    0.88 lot acres
    Property size
    21,477 SF
    Property type
    Showrooms
    APN
    82-05-24-030-045.004-029
    APU
    820524030045004029

    Description

    This exceptional industrial property, located at 105 N 9th Ave in Evansville, Indiana, presents a unique investment opportunity. Boasting a substantial 21,477 square feet of space, this single-story building, constructed in 1894 and renovated in 1936, sits on a 0.88-acre lot. The property's versatile layout includes a warehouse, office, and showroom areas, catering to diverse business needs. The warehouse component offers significant potential for subdivision into multiple rental units, generating additional income streams. The property features five convenient drive-in bays, enhancing operational efficiency. Its strategic location on Evansville's west side, just one block south of W. Franklin Street, places it within a vibrant entertainment and development district. The property is zoned M-3, providing flexibility for various industrial uses. The APN is 82-05-24-030-045.004-029. This is an excellent opportunity to acquire a well-situated, adaptable industrial property in a thriving area of Evansville. The asking price is $399,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $480,000

    • CAP approach

      CAP return
      Estimation
      6%
      $590,000
      6.5%
      $640,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $670,000
      Retail
      $565,000
      Mixed-Use
      $510,000
      Hospitality
      $625,000
      Educational
      $510,000
      Residential Income
      $560,000
      Energy
      $490,000
      Income-Based Land
      $505,000
      Food Service
      $675,000

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5918
    Latitude
    37.9789
    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
    $5,738
    $76,700
    $104,200
    $180,900
    -
    $76,700
    $104,200
    $180,900

    Comparable in this City

    • Value Estimation by Request
      3,150 SF

      1701 Ohio St

      SHOW ROOM, WAREHOUSE • 3,150 SF
      1701 Ohio St, Evansville, IN 47712-5091
      View Details
    • Value Estimation
      $310,000
      5,814 SF

      1915 Illinois St

      SHOW ROOM, WAREHOUSE • 5,814 SF
      1915 Illinois St, Evansville, IN 47712-5120
      View Details
    • Value Estimation
      $365,000
      2,640 SF

      Indiana St

      SHOW ROOM, WAREHOUSE • 2,640 SF
      Indiana St, Evansville, IN 47712
      View Details
    • Value Estimation
      $315,000
      2,400 SF

      3105 Claremont Ave

      SHOW ROOM, WAREHOUSE • 2,400 SF
      3105 Claremont Ave, Evansville, IN 47712
      View Details
    • Value Estimation
      $340,000
      8,470 SF

      1817 Virginia St

      SHOW ROOM, WAREHOUSE • 8,470 SF
      1817 Virginia St, Evansville, IN 47712-5206
      View Details
    • Value Estimation
      $350,000
      5,000 SF

      1900 Delaware St

      SHOW ROOM, WAREHOUSE • 5,000 SF
      1900 Delaware St, Evansville, IN 47712
      View Details

    Similar Nearby for Sale

    • $1,199,000
      10,094 SF

      W Franklin Street Retail Building

      Retail building with parking in Evansville's W Franklin Street.
      2225 W Franklin St, Evansville, IN 47712
      View Details
    • $999,000
      1.40 Acres

      Prime Evansville Industrial Property

      Three-building warehouse, great location.
      501 9Th Ave, Evansville, IN 47712
      View Details
    • $2,600,000
      15,250 SF

      Evansville Retail Center For Sale

      Fully occupied retail center in a high-traffic Evansville location.
      5225 Pearl Dr, Evansville, IN 47712
      View Details
    • $250,000
      5.58 Acres

      Evansville Land: Multifamily Potential

      Wooded 5.58-acre lot; R-1 zoning.
      344 Red Bank Rd, Evansville, IN 47712
      View Details
    • $164,900
      2,064 SF

      Evansville Duplex Investment Opportunity

      Duplex with remodeled unit and long-term tenants in place.
      1629 Ewing Ave, Evansville, IN 47712
      View Details
    • $155,000
      2,060 SF

      Evansville Duplex Investment Opportunity

      Duplex in Evansville, Indiana, ideal for investment, currently rented.
      1912 W Indiana St, Evansville, IN 47712
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      3,520 SF

      Evansville Retail Space Available

      Prime location, 1,500 sq ft, $2,500/month
      2314 Franklin St, Evansville, IN 47712
      View Details
    • $10 SF/Yr
      1,900 SF

      Evansville Retail Space For Rent

      Retail space in high-demand area near Lloyd Expressway.
      5525 Pearl Dr, Evansville, IN 47712
      View Details
    • $16 SF/Yr
      24,124 SF

      Prime Retail Space on Pearl

      High-visibility retail space near Lloyd Expressway and USI campus.
      5625 Pearl Dr, Evansville, IN 47712
      View Details
    • $15 SF/Yr
      3,034 SF

      Retail/Office Space on Pearl Drive

      3034 SF retail/office space with high traffic visibility.
      5301 Pearl Dr, Evansville, IN 47712
      View Details
    • $15 SF/Yr
      25,159 SF

      Prime Evansville Retail Space

      Thriving Westside location, multiple suites available
      5435 Pearl Dr, Evansville, IN 47712
      View Details
    • $5 SF/Yr
      6,804 SF

      Evansville Retail Spaces For Lease

      Prime Evansville location, multiple spaces available.
      700 Sonntag Ave, Evansville, IN 47712
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    105 9th Ave
    Evansville, IN 47712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.