1701 Heidelbach AveEvansville, IN 47711

Property Details for 1701 Heidelbach Ave

Year built

1919

Construction

WOOD

Lot size

4.62 AC

Property size (Sq ft)

86,972 SF

Property type

Warehouses

APN

82-06-17-031-031.001-029

APU

820617031031001029

Description

This exceptional industrial property in Evansville, Indiana, offers versatile warehouse and distribution space ideal for various business needs. Located at 1701 N Heidelbach Ave, this single-story building boasts a total of 54,432 square feet, with spaces available ranging from a minimum of 3,000 square feet up to the entire 54,432 square feet. The property sits on a sizable 4.62 acres of land and is zoned M-3, providing ample room for operations and potential expansion. Convenient loading and unloading is ensured with 5 loading docks and 2 drive-in doors. The property is suitable for multiple tenants. Annual lease rates range from $3.99 to $4.99 per square foot, with all utilities included, making budgeting straightforward. One-month lease terms are available, offering flexibility for short-term needs. The property's location in Vanderburgh County, Indiana, with the APN 82-06-17-031-031.001-029, provides easy access to transportation routes and key logistical hubs. This is a prime opportunity for businesses seeking efficient and cost-effective warehouse or distribution space in a strategic location. Contact for details and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $32,043,300

  6.5%

  $29,578,500

  7%

  $27,465,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,978,500

  Geo Method

  $11,978,500

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $15,435,200

  Mixed-Use / Specialty

  $15,591,100

  Hospitality / Lodging

  $11,713,200

  Office

  $15,718,000

  Institutional / Educational

  $16,283,800

  Residential Income

  $19,052,000

  Multifamily

  $21,681,100

  Automotive / Energy

  $13,957,500

  Parking / Income-Based Land

  $4,608,260

  Restaurant / Food Service

  $8,559,000

  Healthcare / Senior Housing

  $15,772,100

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.993

Longitude

-87.5604

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].