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    OFF-MARKET
    Office Units

    618 Virginia St, Evansville, IN 47711

    0.23 ac lot Built 1919
    Entity Owned 1-yr Hold
    Property ID
    US31-1649552
    Property summary
    AI-generated overview

    This unique 1919-built, two-story building located at 618 E Virginia St, Evansville, IN 47711, presents a compelling investment opportunity. Situated on a 0.23-acre lot (APN: 82-06-20-025-122.002-029), this Class B property currently features one unit and offers significant potential for redevelopment. Previously used as office space by CAPE of Evansville, the building boasts updated windows and a modern HVAC system. The interior layout includes a full kitchen and a large bathroom on the second floor, making conversion to multi-family use a viable option. The spacious layout offers ample room for either office space or residential quarters, catering to a variety of uses. The property is zoned R-2, allowing for residential development. This versatile building in the heart of Evansville offers a rare chance to acquire a piece of history with significant upside potential. The asking price is $75,000. This is a single-building property with a single unit.

    Property profile
    Verified
    Property type Office Units
    Year built 1919
    Lot 0.23 ac (10,019 SF)
    APN 82-06-20-025-122.002-029
    UPID US31-1649552
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Fulton Property Management LLC · 1 yrs held
    Fulton Property Management LLC
    since 2025
    2 recorded transactions
    2025
    2025
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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