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Property profile & analytics
OFF-MARKET Estimated value $540,000
Showrooms

105 9th Ave Evansville, IN 47712

21,477 SF 0.88 ac lot Built 1894
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US31-3189233
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1894
Construction WOOD
Total area 21,477 SF
Lot 0.88 ac (38,333 SF)
APN 82-05-24-030-045.004-029
UPID US31-3189233
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$584k
Blend (final) Blend
$540k
Owner & transaction history
Turpens Commercial Real Estate LLC · 1 yrs held
Turpens Commercial Real Estate LLC
since 2025
3 recorded transactions
2025
Price N/A
2025
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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