109 3rd St Evansville, IN 47708
Property summary
This exceptional offering presents a unique opportunity to acquire two strategically located commercial lots in the heart of Evansville, Indiana. The first lot, encompassing 1.64 acres, includes a substantial 10,804 square foot building situated at 109 NW 3rd Street. This versatile structure is ideally suited for a variety of commercial uses, offering ample space for multiple businesses or the creation of valuable indoor parking facilities. Its prime downtown location ensures high visibility and accessibility, making it an attractive investment for developers seeking a ready-to-develop asset. The asking price for this lot and building is $1,700,000. A second, adjacent lot, also located at 109 NW 3rd Street, comprises one-quarter of a downtown city block and presents significant development potential. This lot is priced at $599,000. The sale of this second lot is contingent upon the simultaneous or prior sale of a separate property located at 20 NW 4th Street. This combined offering presents a compelling investment opportunity in a thriving downtown area, with the potential for substantial returns through redevelopment or lease income. The total asking price for both lots is $2,299,000. This is a rare chance to secure a significant footprint in Evansville's dynamic commercial landscape.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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