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Property profile & analytics
OFF-MARKET Estimated value $1,305,000
Warehouses

1701 Heidelbach Ave Evansville, IN 47711-4559

86,972 SF 4.62 ac lot Built 1919
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-1158234
Property summary
AI-generated overview

This exceptional industrial property in Evansville, Indiana, offers versatile warehouse and distribution space ideal for various business needs. Located at 1701 N Heidelbach Ave, this single-story building boasts a total of 54,432 square feet, with spaces available ranging from a minimum of 3,000 square feet up to the entire 54,432 square feet. The property sits on a sizable 4.62 acres of land and is zoned M-3, providing ample room for operations and potential expansion. Convenient loading and unloading is ensured with 5 loading docks and 2 drive-in doors. The property is suitable for multiple tenants. Annual lease rates range from $3.99 to $4.99 per square foot, with all utilities included, making budgeting straightforward. One-month lease terms are available, offering flexibility for short-term needs. The property's location in Vanderburgh County, Indiana, with the APN 82-06-17-031-031.001-029, provides easy access to transportation routes and key logistical hubs. This is a prime opportunity for businesses seeking efficient and cost-effective warehouse or distribution space in a strategic location. Contact for details and availability.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1919
Construction WOOD
Total area 86,972 SF
Lot 4.62 ac (201,291 SF)
APN 82-06-17-031-031.001-029
UPID US31-1158234
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
$1.33M
Blend (final) Blend
$1.31M
Owner & transaction history
Jimtown Holdings LLC · 3 yrs held
Jimtown Holdings LLC
since 2022
3 recorded transactions
2022
Price N/A
2021
$1.1M
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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