201 4Th StEvansville, IN 47708

Property Details for 201 4Th St

Year built

1890

Construction

TYPE NOT SPECIFIED

Lot size

2.15 AC

Property size (Sq ft)

100,138 SF

Property type

Office properties

Property subtype

Other office properties

APN

82-06-30-020-025.001-029

APU

820630020025001029

Description

This historic 1890 building, renovated in 1910, offers four available office suites in a prime downtown Evansville location. The property, situated at 201 NW 4th St, Evansville, IN 47708, boasts a total of 100,138 square feet across four suites within a single, four-story building on a 2.15-acre lot (APN: 82-06-30-020-025.001-029). Suite sizes range from 936 to 1,824 square feet. Ground level suites are available at a gross rate of $11 per square foot, while first, second, and third-floor suites are $12 per square foot. The building is zoned C-3 and offers nine total parking spaces. Its central downtown location, two blocks from Main Street and five blocks from the Evansville riverfront, provides excellent visibility and accessibility. High traffic counts of 2,323 AADT on the cross street, Court St, further enhance its desirability. This traditional office space presents a unique opportunity in a vibrant and established business district within Vanderburgh County.

• CAP approach

  CAP return

  Valuation

  6%

  $17,299,046

  6.5%

  $15,968,351

  7%

  $14,827,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,619,879

  Geo Method

  $8,619,879

• Alternative Use

  Use

  Valuation

  Residential

  $19,800,756

  Hospitality

  $18,137,386

  Educational

  $15,090,092

  Medical

  $15,609,063

  Retail

  $23,473,476

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9739

Longitude

-87.5723

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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