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Financial
Distress signals
Property profile

2 Richardt Ave Evansville, IN 47711

OFF-MARKET
Retail space
Property ID
US31-0980725
2,773 SF 0.24 ac lot Built 1949
Last sale Nov 2009 · $40,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This well-loved Evansville, Indiana restaurant, Libby & Mom's Cafe, presents a unique investment opportunity. Located at 2 Richardt Ave, 47711, this charming establishment boasts 2,773 square feet of space in a 0.24-acre lot, including a separate 400 square foot storage building. Built in 1949, the property is zoned C-1 and features two buildings. Currently operating with limited hours, this turnkey business offers significant potential for increased revenue by expanding its hours to…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$41k
Assessed land$18k
Assessed improvement$23k
Effective rate3.17%

Value estimate

· Oct 2026
$170k
$153k – $187k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$74/SF
Submarket average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$44 – $104

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionVANDERBURGH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.0
Law Firm13.9
Electrical Service9.7

Location

2 Richardt Ave Evansville, IN 47711-3736
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2315 Morgan, Evansville, IN 47711-4315 $32,325 Feb 2026 2,334 SF
305 309th N Main, Evansville, IN 47711 $55,000 May 2025 3,400 SF
1404 Morgan, Evansville, IN 47711-4718 $125,000 May 2025 2,279 SF
664 Illinois, Evansville, IN 47711-6152 $22,000 Mar 2025 2,760 SF
1104 Diamond, Evansville, IN 47711-3904 $72,000 Mar 2025 3,460 SF
219 Franklin, Evansville, IN 47711 $150,000 Mar 2020 3,312 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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