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    4245 N 1St Ave Evansville, IN 47710

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    4245 N 1St Ave Evansville, IN 47710


    • Strip malls
    • 6,489 SF
    • 0.56 lot acres
    Retail/Office Spaces on First Ave For Lease
    $12 SF/Yr
    2,675 SF

    Retail/Office Spaces on First Ave

    Retail or office spaces available in high-traffic area.

    4245 N 1st Ave, Evansville, IN
    View Listing
    Property ID
    US31-1109177
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 4245 N 1St Ave

    Year built
    1964
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.56 lot acres
    Property size
    6,489 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    82-06-07-034-082.051-020
    APU
    820607034082051020

    Description

    This exceptional investment opportunity presents a 6,489 square foot, multi-tenant storefront located at 4245 N First Ave, Evansville, Indiana, 47710. The property, built in 1964, sits on a 0.56-acre lot (APN: 82-06-07-034-082.051-020) and is zoned C-4 & C-1, offering flexibility for various retail uses. The two-story building features five separate units, currently with one leased and the owner occupying the remainder. The owner is downsizing, creating immediate opportunities for new tenants. Each unit has its own electric meter, and two shared water meters service the entire center. This prime location within Evansville's "North Park" shopping district provides excellent visibility on First Avenue. The property is available for occupancy on October 1, 2024, and is offered at an asking price of $450,000. The building's configuration allows for four ground-floor retail spaces and a second-floor apartment, presenting a unique blend of retail and residential potential. This is a rare chance to acquire a well-situated, multi-tenant retail property in a thriving commercial area. Don't miss this chance to capitalize on a strong investment opportunity in a desirable location.


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    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5737
    Latitude
    38.0175
    CBSA code
    21780
    CBSA name
    EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,051
    $158,600
    $132,600
    $291,200
    -
    $158,600
    $132,600
    $291,200
    View Listing
    More about this property
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