427 Main StEvansville, IN 47708

Property Details for 427 Main St

Year built

1884

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

10,296 SF

Property type

Commercial real estate

APN

82-06-30-020-028.016-029

APU

820630020028016029

Description

This exceptional investment opportunity presents a 10,296 square foot mixed-use building at 427 Main Street in Evansville, Indiana. Built in 1884, this two-story property sits on a 0.21-acre lot (APN: 82-06-30-020-028.016-029) and boasts prime street frontage, ensuring high visibility and foot traffic. The asking price is $1,200,000, translating to $116.55 per square foot. The property has undergone high-quality renovations and currently houses strong, long-term tenants in a variety of niche businesses. Its location is ideal, near the intersection of Main and Fifth Streets, directly across from the new mixed-use development, "The Vault," which includes rental apartments and commercial space. This proximity to new development provides a built-in customer base. Convenient garage parking is also nearby. This versatile property is suitable for a range of uses, including retail, office space, or even a café, offering significant potential for growth and return on investment. The property's strong tenant base and prime location make it an attractive opportunity for discerning investors seeking a stable and profitable venture in a thriving downtown area.

• Alternative Use

  Use

  Valuation

  Residential

  $2,035,876

  Hospitality

  $1,864,852

  Educational

  $1,551,535

  Medical

  $1,604,894

  Retail

  $2,413,498

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9718

Longitude

-87.57

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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