2230 N Fares Ave Evansville, IN 47711
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.