1120 Professional BlvdEvansville, IN 47714

Property Details for 1120 Professional Blvd

Year built

1998

Construction

WOOD

Lot size

0.88 AC

Property size (Sq ft)

9,976 SF

Property type

Medical offices

Property subtype

Medical centers

APN

82-06-35-016-096.017-027

APU

820635016096017027

Description

This single-story, 9,976 square foot medical office building is situated on a 0.88-acre lot at 1120 Professional Blvd, Evansville, IN 47714. Built in 1998, the Class C property is currently vacant and offers excellent visibility on Evansville's east side, near numerous other professional offices. The building features 33 parking spaces, providing ample accommodation for patients and staff. Its CO-2 zoning permits a variety of medical uses. The property's location offers close proximity to hospitals, clinics, and other healthcare providers, creating strong referral potential. The interior layout includes waiting areas and exam rooms, ready for immediate occupancy by a medical practice. The asking price is $975,000. The APN is 82-06-35-016-096.017-027. This presents a unique opportunity for a medical practice seeking established space in a high-traffic area. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,723,375

  6.5%

  $1,590,807

  7%

  $1,477,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $858,734

  Geo Method

  $858,734

• Alternative Use

  Use

  Valuation

  Residential

  $1,972,601

  Hospitality

  $1,806,892

  Educational

  $1,503,313

  Medical

  $1,555,014

  Retail

  $2,338,487

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9598

Longitude

-87.4993

CBSA code

21780

CBSA name

EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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