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Property profile & analytics
OFF-MARKET
Parking lots & garages

1620 Grn Riv Rd Evansville, IN 47715

2.28 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-0084368
Property summary
AI-generated overview

This exceptional Class A office space, located at 1620 N Green River Rd, Evansville, IN 47715, offers a prime opportunity for businesses seeking a modern and versatile workspace. The single-story, 14,000 square foot building, constructed in 2024, boasts a highly visible location with frontage on Green River Road and convenient access from Morgan Avenue. The property is zoned C-4, allowing for a variety of commercial uses. Multiple tenancy options are available, with a minimum divisible space of 1,800 square feet, providing flexibility for businesses of various sizes. The landlord is willing to customize the build-out to meet specific tenant requirements. This location benefits from excellent visibility and high traffic volume, with a 2023 combined AADT of 45,292 vehicles. The property features drive-thru capabilities, making it ideal for businesses requiring this amenity. Construction is slated to begin September 2024. This is a rare opportunity to secure space in a brand-new, strategically located building in a thriving area of Evansville, Vanderburgh County. Don't miss out on this chance to establish your business in a premier location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1984
Lot 2.28 ac (99,447 SF)
APN 82-06-14-015-186.003-027
UPID US31-0084368
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sheffer & Schneider Grr Properties · 3 yrs held
Sheffer & Schneider Grr Properties
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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