5505 Foundation DrEvansville, IN 47725

  • Industrial land
  • 9.09 AC
For Lease

Property Details for 5505 Foundation Dr

Lot size
9.09 AC
Property type
Industrial land
APN
82-04-01-009-277.013-030
APU
820401009277013030

Description

This exceptional build-to-suit opportunity is situated in Evansville's premier Vanderburgh Industrial Park, offering unparalleled access to major transportation arteries. The property boasts a 9.084-acre lot with high visibility from I-69 and frontage on US-57. The proposed building, ranging from 100,000 to 206,221 square feet, is perfectly suited for manufacturing, warehousing, and distribution needs. Customization is available to meet specific tenant requirements. Building specifications include a pre-engineered steel structure with an optional concrete tilt construction, a 1,000 square foot office area, 32-foot ceilings, 50' x 50' column spacing, 7-inch unreinforced concrete flooring, 30 employee parking spaces, approximately five loading docks with equipment, and two drive-in doors. The building will also feature an ESFR fire suppression system, T-5 lighting with motion sensors, and warehouse heating. Construction is estimated to take 8-10 months. The quoted asking rates are based on a 15-year lease term, with rates for a 10-year term available upon request. The property is zoned M-2 and has APN 82-04-01-009-277.013-030. This single-tenant, one-story building presents a rare chance to secure a state-of-the-art facility in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $78,260,616
    Hospitality
    $71,686,304
    Educational
    $59,642,164
    Medical
    $61,693,348
    Retail
    $92,776,696
5505 Foundation Dr, Evansville, Indiana

Location Insight

City
Evansville
County
Vanderburgh
State
Indiana
Latitude
38.1152
Longitude
-87.4827
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
$431
$17,300
-
$17,300
-
$17,300
-
$17,300

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