5705 Morgan Ave Evansville, IN 47715-2319
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.
-
Kitchen Gallery LLC Hardware & Home Improvement Furniture & Home Goods
-
H & S Countertop Inc Kitchen & Bath Showroom Hardware & Home Improvement
-
Complete Design Services Architectural Designer Custom Home Builder
-
Mike Talbert Roofing Roofing Company General Contractor
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.