700 Sonntag Ave Evansville, IN 47712
- Strip malls
- 33,070 SF
- 8.75 lot acres
Current Use by Public Records
- Wesselman's Supermarkets / Grocery Store
- ATM / Atm
Property Details for 700 Sonntag Ave
- Year built
- 1966
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 8.75 lot acres
- Property size
- 33,070 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 82-05-23-019-009.005-025
- APU
- 820523019009005025
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $700,000
- 6.5%
- $780,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $625,000
- Geo Method
- $770,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $720,000
- Retail
- $680,000
- Mixed-Use
- $640,000
- Hospitality
- $740,000
- Educational
- $805,000
- Residential Income
- $610,000
- Energy
- $695,000
- Income-Based Land
- $805,000
- Food Service
- $720,000
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.6089
- Latitude
- 37.9846
- CBSA code
- 21780
- CBSA name
- EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA