123 4Th StEvansville, IN 47708

Property Details for 123 4Th St

Year built

1908

Construction

CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

79,527 SF

Property type

Office properties

Property subtype

Other office properties

APN

82-06-30-020-026.007-029

APU

820630020026007029

Description

The Court Building, located at 123 NW 4th Street in Evansville, Indiana (zip code 47708), presents a unique opportunity for businesses seeking traditional office space in a prime downtown location. This Class B, seven-story building, constructed in 1908, boasts a total of 79,527 square feet. The building features two elevators and is conveniently situated between Vine and Sycamore Streets, offering easy access to the city's amenities. Multiple tenancy options are available, with spaces ranging from a minimum of 265 square feet to a maximum contiguous space of 10,528 square feet. Currently, seventeen individual suites are available. The property is zoned C-3 and its APN is 82-06-30-020-026.007-029. The building has undergone recent updates to meet modern business needs, while maintaining its historic charm and elegance, making it ideal for professional services firms. This single building offers a blend of classic architecture and contemporary functionality, providing a prestigious address in the heart of Evansville. The building's location provides convenient access to all parts of the city.

• CAP approach

  CAP return

  Valuation

  6%

  $13,738,454

  6.5%

  $12,681,650

  7%

  $11,775,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,845,684

  Geo Method

  $6,845,684

• Alternative Use

  Use

  Valuation

  Residential

  $15,725,246

  Hospitality

  $14,404,240

  Educational

  $11,984,159

  Medical

  $12,396,313

  Retail

  $18,642,026

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9732

Longitude

-87.572

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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