3251 Grn Riv Rd Evansville, IN 47715-1353
This exceptional 4,272 square foot commercial property, built in 2006, is ideally situated on a 1.32-acre lot at 3251 N Green River Rd, Evansville, IN 47715. Currently configured as a former bank branch, it offers versatile space suitable for a variety of office and retail uses. The property boasts a C-4 zoning designation and benefits from a high-traffic location at a signalized intersection. Major retailers such as Meijer, Schnuck's, and Menard's are nearby, ensuring significant foot and vehicle traffic. The area is experiencing robust growth due to substantial residential development to the north. The building features one story and is situated on a single lot (APN: 82-06-12-015-169.001-027). Note that the current bank tenant will lease back the ATM until December 12, 2024, and a banking use deed restriction will be in place at closing. This presents a unique opportunity to acquire a well-located property in a thriving commercial corridor of Evansville, Indiana. The asking price is $1,025,000.
-
Fifth Third Mortgage - Mandy Parsley Loan Service Bank
-
Fifth Third Bank & ATM Bank Loan Service
-
Fifth Third Preferred - Erin Fidler Financial Advisor
-
Fifth Third Securities - Adam Dellay Financial Advisor
-
Fifth Third Securities - Lawrence Taylor Financial Advisor
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.