201 4Th StEvansville, IN 47708

  • Office properties
  • 100,138 SF
For Lease
$11/SF/YR View listing

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
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $19,605,600
    6.5%
    $18,097,500
    7%
    $16,804,800
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,619,880
    Geo Method
    $8,619,880
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $34,056,100
    Retail / Commercial
    $17,771,900
    Mixed-Use / Specialty
    $17,951,300
    Hospitality / Lodging
    $13,486,300
    Institutional / Educational
    $18,748,800
    Residential Income
    $21,936,100
    Multifamily
    $24,963,200
    Automotive / Energy
    $16,070,400
    Parking / Income-Based Land
    $5,305,870
    Restaurant / Food Service
    $9,854,680
    Healthcare / Senior Housing
    $18,159,700

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
-
-
-
-
-
-
-

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