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Property profile & analytics
FOR LEASE
Strip malls

8401 N Kentucky Ave Evansville, IN 47725

31,005 SF 3.31 ac lot Built 1997
Entity Owned Absentee Owner Free & Clear
Property ID
US31-0802817
Property summary
AI-generated overview

This exceptional single-story retail strip center, located at 8401 N Kentucky Avenue in Evansville, Indiana, presents a compelling investment opportunity. The property boasts a total of 31,005 square feet across two suites, situated on a generous 3.3-acre lot. Currently, there is 21,061 square feet of vacant space available, offering significant potential for expansion or lease to multiple tenants. The minimum divisible space is 2,400 square feet, while the maximum contiguous space available is 8,003 square feet, providing flexibility for various business needs. Built in 1997, the property is zoned M-2, allowing for a range of commercial uses. The convenient location at the cross streets of N Kentucky Avenue and E Mount Pleasant Road ensures high visibility and accessibility. The property's address is 8401 N Kentucky Ave, Evansville, IN 47725, and its parcel number is 82-04-28-002-660.011-019. This prime retail space offers a unique chance to establish or expand a business in a thriving Evansville market. The property's size and location make it ideal for a variety of retail concepts, offering substantial potential for return on investment. Don't miss this opportunity to secure a prominent retail presence in a high-demand area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1997
Construction TYPE NOT SPECIFIED
Total area 31,005 SF
Lot 3.31 ac (144,053 SF)
APN 82-04-28-002-660.011-019
UPID US31-0802817
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
  • Johnson Controls Inc. Solar Energy Company
  • Comic Quest (Bike/Boat/Book/etc) Store Newspaper & Magazine
  • Sunrise Cafe Family restaurant Restaurant
  • Madstache Media Distribution
  • Percheron Acquisitions Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$665k
CAP Approach CAP
by Request
Comparable Approach Comparable
$738k
Blend (final) Blend
$700k
Owner & transaction history
AIRPORT TECH CENTER INC 3
AIRPORT TECH CENTER INC 3
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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