Technical
Financial
Distress signals
Property profile

700 Sonntag Ave Evansville, IN 47712

OFF-MARKET
Strip malls
Property ID
US31-0971827
33,070 SF 8.75 ac lot Built 1966
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail and restaurant opportunity is located at 700 N Sonntag Avenue in Evansville, Indiana, Vanderburgh County, zip code 47712. The property offers multiple spaces for lease, ranging from 640 square feet to 6,804 square feet, making it suitable for a variety of businesses. The site boasts ample customer parking in a spacious lot, a significant advantage for attracting customers. The high traffic count of 9,110 vehicles per day on nearby Upper Mt Vernon Road ensures excellent visibility and accessibility. The property benefits from strong neighboring businesses, including Wesselman's, JS & Co Salon, El Charro, and a Phillips 66 Gas Station, creating a vibrant and attractive commercial environment. One of the spaces is restaurant-ready, featuring a grease trap and exhaust fan, simplifying the setup for food service establishments. Furthermore, a two-acre build-to-suit site is also available, presenting an exciting opportunity for expansion or development. This property presents a unique chance to establish or expand a business in a thriving Evansville location with excellent visibility and convenient amenities. The property's versatile space options cater to a wide range of business needs.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1966
Construction TYPE NOT SPECIFIED
Total area 33,070 SF
Lot 8.75 ac (381,150 SF)
APN 82-05-23-019-009.005-025
UPID US31-0971827

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
  • Grocery & Convenience Store Food Market
  • Atm

Location

700 Sonntag Ave Evansville, IN 47712-6744
Evansville metro Census 3000 EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
$657k
Blend (final) Blend
$655k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2022
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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