5505 Foundation Dr Evansville, IN 47725
For Lease
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This exceptional build-to-suit opportunity is situated in Evansville's premier Vanderburgh Industrial Park, offering unparalleled access to major transportation arteries. The property boasts a 9.084-acre lot with high visibility from I-69 and frontage on US-57. The proposed building, ranging from 100,000 to 206,221 square feet, is perfectly suited for manufacturing, warehousing, and distribution needs. Customization is available to meet specific tenant requirements. Building specifications include a pre-engineered steel structure with an optional concrete tilt construction, a 1,000 square foot office area, 32-foot ceilings, 50' x 50' column spacing, 7-inch unreinforced concrete flooring, 30 employee parking spaces, approximately five loading docks with equipment, and two drive-in doors. The building will also feature an ESFR fire suppression system, T-5 lighting with motion sensors, and warehouse heating. Construction is estimated to take 8-10 months. The quoted asking rates are based on a 15-year lease term, with rates for a 10-year term available upon request. The property is zoned M-2 and has APN 82-04-01-009-277.013-030. This single-tenant, one-story building presents a rare chance to secure a state-of-the-art facility in a highly desirable location.
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.