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Property profile & analytics
OFF-MARKET
Retail space

5115 Oak Grv Rd Evansville, IN 47715-2340

13,502 SF 2.18 ac lot Built 1973
Individually Owned ~ Est. High Equity
Property ID
US31-0741758
Property summary
AI-generated overview

This exceptional 22,132-square-foot flex space presents a remarkable investment opportunity in Evansville's thriving Eastside. Strategically located between Green River Road and Burkhardt Road, off Morgan Avenue, this property boasts high visibility and traffic flow. Originally configured as a warehouse with office space, it was later adapted for retail use and even served as classroom space. The building features a single-story and a second story, encompassing a total of 22,132 square feet, with 18,000 square feet currently vacant. A dock-high loading door and bay are conveniently situated on the west side, providing easy access to a freight elevator. The property includes a robust 800-amp, 3-phase electrical service, ensuring ample power for diverse business needs. Parking is readily available with 60 spaces. The building's classification is C, and it was constructed in 1973. Its convenient location offers easy access to major transportation arteries, sitting just 1.2 miles from the intersection of I-69 and IN-62. The property sits on 2.19 acres of land and is zoned M-2. The property's address is 5115 Oak Grove Road, Evansville, MSA, with the APN 82-06-24-017-159.017-027 and cross street Morgan Ave. This versatile property is perfect for a variety of uses and represents a compelling opportunity for investors seeking a high-return asset in a prime location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Construction WOOD
Total area 13,502 SF
Lot 2.18 ac (94,874 SF)
APN 82-06-24-017-159.017-027
UPID US31-0741758
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
  • Riecken's Foot Comfort World Pharmacy Clothing & Fashion Store
  • Kinder Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
It Takes A Village Canine Rescue In
It Takes A Village Canine Rescue In
since 2026
3 recorded transactions
2026
Price N/A
2018
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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