3524 1St AveEvansville, IN 47710

Property Details for 3524 1St Ave

Year built

1997

Construction

WOOD

Lot size

1.66 AC

Property size (Sq ft)

10,753 SF

Property type

Medical offices

Property subtype

Medical centers

APN

82-06-07-034-290.004-020

APU

820607034290004020

Description

This single-tenant, 2,200 square foot medical office suite is located at 3524 N First Ave STE B, Evansville, IN 47710. Situated in a Class B building constructed in 1997 and renovated in 2024, this space offers a fresh and functional layout. The suite boasts nine individual offices, each conveniently equipped with sinks, perfect for a variety of medical practices or professional services. A welcoming reception area and a separate entry/exit enhance both patient and staff experience. An ADA-compliant bathroom is included for accessibility. The building offers ample parking with 44 total spaces. The property is zoned C-4 and features a single-story design within an 8,865 square foot building. The suite's recent renovation includes new paint and commercial-grade carpeting, creating a modern and inviting atmosphere. This prime location in the Evansville MSA offers easy access to First Avenue and provides a convenient setting for any business seeking a well-maintained and updated workspace. The APN is 82-06-07-034-290.004-020. This is a fantastic opportunity for a medical practice or other professional business seeking a move-in ready space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,857,603

  6.5%

  $1,714,710

  7%

  $1,592,231

• Comparable approach

  Method

  Valuation

  Relative Method

  $925,618

  Geo Method

  $925,618

• Alternative Use

  Use

  Valuation

  Residential

  $2,126,241

  Hospitality

  $1,947,625

  Educational

  $1,620,401

  Medical

  $1,676,130

  Retail

  $2,520,624

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

38.0111

Longitude

-87.5763

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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