Technical
Financial
Distress signals
Property profile

5705 Morgan Ave Evansville, IN 47715

OFF-MARKET
Retail space
Property ID
US31-0654198
13,500 SF 1.56 ac lot Built 1987
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 13,500-square-foot Class A warehouse, situated on a 1.56-acre lot at 5705 E Morgan Ave in Vanderburgh County, presents a compelling investment opportunity. Built in 1987, this single-story building boasts ample parking and five convenient drive-in bays, making it ideal for various industrial, distribution, or flex uses. Currently configured for multiple tenants, the property offers significant potential for owner-occupancy or further development as a multi-tenant facility. The M-2 zoning allows for a range of commercial and industrial applications. The property's high visibility on a major thoroughfare ensures excellent exposure. Adding to its appeal is a monthly billboard income of $250. The property features a total of 13,500 square feet across one building, and the APN is 82-06-13-017-170.002-027. This versatile space is ready for immediate occupancy or customization to suit specific business needs. The property's strategic location and flexible layout make it an attractive option for businesses seeking a prominent presence in a thriving area. Don't miss this chance to acquire a well-maintained, high-visibility warehouse with significant income potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction WOOD
Total area 13,500 SF
Lot 1.56 ac (67,866 SF)
APN 82-06-13-017-170.002-027
UPID US31-0654198

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
  • Hardware & Home Improvement Furniture & Home Goods
  • Kitchen & Bath Showroom Hardware & Home Improvement
  • Architectural Designer Custom Home Builder
  • Roofing Company General Contractor

Location

5705 Morgan Ave Evansville, IN 47715-2319
Evansville metro Census 10101 EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2016
Price N/A
2006
Price N/A

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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