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Property profile & analytics
OFF-MARKET Estimated value $2,740,000
Grocery and convenience stores

4500 Lloyd Expy Evansville, IN 47712-6515

62,231 SF 6.42 ac lot Built 1989
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US31-0788409
Property summary
AI-generated overview

Evansville West Center, a thriving grocery-anchored retail center, presents a prime opportunity for expansion. Located on the high-traffic West Lloyd Expressway and Rosenberger Avenue in Evansville, Indiana, this center boasts 79,809 square feet and comprises ten suites. The property benefits from a strong tenant mix, including a Schnucks, a premier Midwest grocery retailer, ensuring consistent customer traffic. This strategic location provides excellent visibility and accessibility for businesses seeking exposure to a diverse consumer base. The center serves a stable and economically diverse market encompassing Southwest Indiana, Kentucky, and Illinois, drawing shoppers from a wide regional area. Currently, one suite is available, totaling 1,400 square feet (suite #4428), ideal for a variety of retail or service businesses. The center's established success and prime location make it an exceptional investment opportunity. The existing tenant mix includes a blend of retail, service, and restaurant establishments, creating a vibrant and attractive shopping destination. This is a chance to join a successful center in a strong regional market.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1989
Construction TYPE NOT SPECIFIED
Total area 62,231 SF
Lot 6.42 ac (279,568 SF)
APN 82-05-27-018-230.001-025
UPID US31-0788409
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CVS Pharmacy Pharmacy
  • Primo Water Refill Big Box & Wholesale Store
  • FedEx Drop Box Postal Service Courier Service
  • Coinhub Bitcoin ATM Teller Atm
  • Schnucks Evansville West Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.73M
Blend (final) Blend
$2.74M
Owner & transaction history
MCWRD EVANSVILLE WEST CENTER LLC
MCWRD EVANSVILLE WEST CENTER LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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