Technical
Financial
Distress signals
Property profile

425 Main St Evansville, IN 47708

OFF-MARKET
Retail space
Property ID
US31-0904945
10,575 SF 0.21 ac lot Built 1919
Entity Owned Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1919
Construction WOOD
Total area 10,575 SF
Lot 0.21 ac (9,017 SF)
APN 82-06-30-020-028.015-029
UPID US31-0904945

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
  • Medical Clinic
  • Photography Service (Bike/Boat/Book/etc) Store
  • Tattoo & Piercing Shop
  • Hair Salon Nail Salon
  • Clothing & Fashion Store

Location

425 Main St Evansville, IN 47708-1517
Evansville metro Census 1800 EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$943k
Blend (final) Blend
$350k

Owner & transaction history

since 2025
6 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2022
Price N/A
2019
Price N/A
2013
$300,000

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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