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Property profile & analytics
OFF-MARKET Estimated value $610,000
Retail space

1320 Fares Ave 1328 Evansville, IN 47711-4728

16,999 SF 1.89 ac lot Built 1944
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US31-2979993
Property summary
AI-generated overview

This exceptional Evansville, Indiana property, located at 1320-1328 N Fares Ave, offers a unique blend of retail and office space, perfect for a variety of businesses. The 16,999 square foot building sits on a spacious 1.89 acres of land and boasts a single story design, built in 1944. Currently, there is one available suite measuring 2,772 square feet, ideal for a growing company or a retail establishment seeking a high-visibility location. The property's versatility is further enhanced by its suitability for various office configurations, including creative office, coworking, traditional office, executive office, and even medical office uses. The multiple tenancy structure provides flexibility for different business needs. Ample parking is available in front of the building, with additional parking surrounding the structure and secured in the rear, enclosed by a security fence and gate. The property's address is 1320-1328 N Fares Ave, Evansville, IN 47711, and its convenient location makes it easily accessible for both employees and customers. The Assessor's Parcel Number (APN) is 82-06-21-033-001.011-029. This property presents a compelling opportunity for businesses seeking a well-situated and versatile space in a thriving Evansville market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1944
Construction WOOD
Total area 16,999 SF
Lot 1.89 ac (82,111 SF)
APN 82-06-21-033-001.011-029
UPID US31-2979993
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
  • Personal Assistance Services Moving Company Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$743k
Blend (final) Blend
$610k
Owner & transaction history
Brash Properties LLC · 2 yrs held
Brash Properties LLC
since 2024
4 recorded transactions
2024
Price N/A
2022
Price N/A
2016
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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