For Sale
$1,390,000

4004 Morgan AveEvansville, IN 47715

Class B Office, 16,380 SF, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a well-maintained, two-story Class B office building situated on Evansville's Eastside at 4004 E Morgan Ave, Evansville, IN 47715. Spanning 16,380 square feet on a 1.2-acre lot (APN: 82-06-14-017-146.003-027), this property boasts a strong financial performance, with a projected Gross Operating Income exceeding $200,000 annually when fully leased. The building, constructed in 1977 and renovated in 2024, features a prominent monument sign and includes a valuable 3,297 square foot warehouse component with a 22-foot ceiling and a receiving dock. Modern amenities include fiber optic internet access through AT&T. The property benefits from a recently resurfaced parking lot (2019) and LED lighting upgrades (2022). Currently, there is one available office suite of 2,592 square feet. The building is zoned C-1 and is offered as a Net Lease investment. Detailed financial and lease information is available upon execution of a confidentiality agreement. This is a prime opportunity for investors seeking a stable, high-return commercial property in a desirable Evansville location.

Highlights

  • $1,390,000 asking price for a Net Leased Class B office building.
  • 16,380 square feet on a 1.2-acre lot in Evansville, Indiana.
  • Multi-tenant building with one vacancy (2,592 SF); 2023 projected gross operating income over $200,000 when fully leased.
  • Two-story building (1977 construction, renovated 2024) with a 3,297 SF warehouse featuring a receiving dock and 22' ceilings.
  • Features include monument signage, fiber optic internet (AT&T), and a recently resurfaced parking lot (2019) and LED signage (2022).

Property Details for 4004 Morgan Ave

Property type
Office properties
Square Feet
16,380 SF
Class
B
Year Built/Renovated
1977/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Evansville
County
Vanderburgh
State
Indiana
Latitude
37.9916842
Longitude
-87.5012842
4004 Morgan Ave, Evansville, Indiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4004 Morgan Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message