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Property profile & analytics
OFF-MARKET Estimated value $620,000
Banks

840 Diamond Ave Evansville, IN 47711-3420

15,360 SF 1.3 ac lot Built 1968
Entity Owned ~ Est. High Equity
Property ID
US31-2554581
Property summary
AI-generated overview

This exceptional commercial property in Evansville, Indiana, presents a unique investment opportunity. Situated on a 1.3-acre lot, the building offers a substantial 15,360 square feet of space, encompassing a main floor and a spacious basement. Previously utilized as a bank branch, the layout is highly adaptable and includes a welcoming reception area, several private offices, ample conference rooms, and four restrooms (two on each floor). The basement provides additional office space, a kitchen/breakroom, extensive storage, and two vaults. A significant advantage is the inclusion of two drive-through service lanes, making it ideally suited for businesses such as coffee shops, food franchises, or pharmacies. Alternative uses could include another bank branch, professional offices, or showrooms for tile, bath, or cabinetry. The property also boasts 38 paved parking spaces, ensuring convenient access for employees and customers. Its prime location in a high-traffic area with excellent visibility and proximity to major thoroughfares and the central business district makes this a highly desirable asset for businesses seeking a strong presence in Evansville. The asking price is $399,000.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 15,360 SF
Lot 1.3 ac (56,615 SF)
APN 82-06-17-031-120.013-029
UPID US31-2554581
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
Current use
Occupant on record · Public records
  • Diamond Valley Federal Credit Union - Administrative Center Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k
Owner & transaction history
Heckert Holdings LLC
Heckert Holdings LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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