425 Main St Evansville, IN 47708-1517
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.
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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.