Property profile

2314 Franklin St Evansville, IN 47712

OFF-MARKET
Commercial real estate
Property ID
US31-1008401
3,520 SF 0.07 ac lot Built 1936
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail space, located at 2314 W Franklin St in Evansville, Indiana, presents a fantastic opportunity for a discerning business. The property, situated on a 0.07-acre lot, offers 1,500 square feet of vacant space within a larger 3,520 square foot building constructed in 1936. The building is a two-story structure, with the available space located on the lower level. The property is zoned C-4, allowing for a variety of retail uses. Convenient on-street parking is available, supplemented by a small parking area at the rear of the building. This vibrant location boasts high visibility on bustling W Franklin St, surrounded by a thriving mix of businesses including Pet Food Center, Hardee's, Kite & Key Cafe, Sportsman's Grille & Billiards, and Donut Bank, ensuring significant foot traffic and brand exposure. The monthly lease rate is $2,500, modified gross. The property's address is 2314 W Franklin St, Evansville, IN 47712, and its parcel number is 82-05-24-030-038.006-029 in Vanderburgh County. This is a single-tenant space offering a unique chance to establish or expand your business in a high-traffic area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1936
Construction WOOD
Total area 3,520 SF
Lot 0.07 ac (2,975 SF)
APN 82-05-24-030-038.006-029
UPID US31-1008401

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store Department Store

Location

2314 Franklin St Evansville, IN 47712-5119
Evansville metro Census 10800 EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2022
Price N/A
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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