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Property profile & analytics
FOR LEASE
Banks

2230 N Fares Ave Evansville, IN 47711

2,780 SF 0.45 ac lot Built 1958
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-1475467
Property summary
AI-generated overview

This exceptional 2,780-square-foot commercial building, located at 2230 N Fares Ave in Evansville, Indiana, presents a unique investment opportunity. Situated on a 4.5-acre lot, this single-story structure is zoned C-4, offering versatile usage potential. Previously occupied by Old National Bank, the building boasts a spacious open area ideal for retail display or office space. Additional features include two private offices, a kitchenette, two restrooms, and a secure vault. The property's convenient location directly across from a new Huck's Gas Station, with excellent access from Diamond Avenue and Fares Avenue, ensures high visibility and accessibility. Ample on-site parking is available for customers and employees. The building's layout and amenities make it suitable for a variety of uses, including retail, office space, or even a bank branch. The Vanderburgh County property (APN: 09-650-17-016-036) offers a compelling combination of size, location, and functionality, making it an attractive prospect for discerning investors. The entire 2,780 square feet is currently vacant, providing immediate occupancy for the new owner.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1958
Construction TYPE NOT SPECIFIED
Total area 2,780 SF
Lot 0.45 ac (19,550 SF)
APN 82-06-16-017-016.036-027
UPID US31-1475467
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
Shetler Moving & Storage Holdings L · 3 yrs held
Shetler Moving & Storage Holdings L
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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