Property profile

618 Virginia St Evansville, IN 47711

OFF-MARKET
Office Spaces
Property ID
US31-1649552
0.23 ac lot Built 1919
Entity Owned 1-yr Hold
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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 Spaces
Year built 1919
Lot 0.23 ac (10,019 SF)
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

Location

618 Virginia St Evansville, IN 47711
Evansville metro
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Value estimations

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Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2025
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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