Property summary
This exceptional investment opportunity presents a 10,575 square foot storefront located at 425 Main Street in Evansville, Indiana. The property, built in 1919, boasts a two-story structure situated on a 0.21-acre lot (APN: 82-06-30-020-028.015-029). Currently configured as retail space, this versatile property offers significant potential for a variety of uses, including office space or a café. The asking price is $1,200,000, translating to $113.48 per square foot. The building benefits from prime street frontage on Main Street, ensuring high visibility and significant foot traffic. Its location near the intersection of Main and Fifth Streets provides exceptional access and proximity to the new mixed-use development, The Vault, currently under construction. This nearby development will offer additional residential and commercial space, creating a built-in customer base. Convenient garage parking is also readily available nearby. The property has undergone high-quality renovations and currently houses strong, long-term tenants. This presents a unique chance to acquire a well-maintained, high-traffic commercial property in a rapidly developing area of downtown Evansville.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Photography Service (Bike/Boat/Book/etc) Store
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Tattoo & Piercing Shop
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Hair Salon Nail Salon
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Clothing & Fashion Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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