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Property profile & analytics

700 Sonntag Ave Evansville, IN 47712

  • Strip malls
  • 33,070 SF
  • 8.75 lot acres
Value Estimation
$650,000
Last Sale
Jan 06, 2022
Location Intelligence
Property ID
US31-0971827
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,440
$373,000
$366,000
$739,000
-
$373,000
$366,000
$739,000
More about this property
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