621 Main StEvansville, IN 47711

This mixed-use investment property, located at 621 N Main St, Evansville, IN 47711, offers a compelling opportunity. The 6,776 square foot building, constructed in 1909 and renovated in 2023, boasts a desirable location within the Jacobsville Redevelopment Area along the N. Main Street Revitalization Corridor, an area recently enhanced by $15 million in improvements. The property features six tenants: three commercial and three residential, generating a 9.16% cap rate at an asking price of $535,000. Situated on a 0.08-acre lot, the two-story building is zoned C-4 and includes six on-site parking spaces—a valuable asset in this area. The property benefits from its location in both an Opportunity Zone and a Tax Increment Financing (TIF) District. The building's strong tenant mix, combined with its prime location and advantageous zoning, presents a solid investment prospect with an occupancy date of June 30, 2025. The APN is 82-06-20-025-011.001-029. The surrounding neighborhood offers a balanced mix of retail, office, and residential properties.