Urban-High Street

203-205 Main St

203-205 Main St, Evansville, IN 47711

Listing Price: $1,090,000

Cap Rate
2.97%
Gross SF
8,808
Rentable SF
8,808
Price/Gross SF
$123.75
Lot Size
0.21 acres
Year Built
1946

Investment Overview

Marcus & Millichap has been exclusively selected to offer for sale the fee simple interest in this mixed-use property in Evansville, Indiana. This property is located in the downtown corridor of Evansville surrounded by additional retail, hospitality, corporate offices, entertainment venues, and mixed-use developments. The property was previously a multi-level clothing store. Current tenants include retail, office, and apartment suite.

The property consists of a 0.21-acre parcel improved with a 22,673 square foot building located in an Opportunity Zone. An additional 1,000 sf is available in the basement for storage. The trade area is a consistent urban retail corridor with newly constructed multi-family homes, additional schools and businesses such as the Ford Center Arena, Indiana University School of Medicine-Evansville, Old National Bank, Childrens Museum of Evansville, and Tropicana Casino to name a few. Average daily traffic counts exceed over 18,600 vehicles on SE Riverside Drive. There are over 122,000 residents within a Five-Mile radius of the property.

Investment Highlights

  • Urban Core
  • Opportunity Zone
  • 48 Percent Leased
  • Recent Lease Renewals
  • Street Level Parking
  • Two Stories With Basement

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Listing Price: $1,090,000

Cap Rate
2.97%
Gross SF
8,808
Rentable SF
8,808
Price/Gross SF
$123.75
Lot Size
0.21 acres
Year Built
1946

Investment Highlights

  • Urban Core
  • Opportunity Zone
  • 48 Percent Leased
  • Recent Lease Renewals
  • Street Level Parking
  • Two Stories With Basement

Investment Overview

Marcus & Millichap has been exclusively selected to offer for sale the fee simple interest in this mixed-use property in Evansville, Indiana. This property is located in the downtown corridor of Evansville surrounded by additional retail, hospitality, corporate offices, entertainment venues, and mixed-use developments. The property was previously a multi-level clothing store. Current tenants include retail, office, and apartment suite.

The property consists of a 0.21-acre parcel improved with a 22,673 square foot building located in an Opportunity Zone. An additional 1,000 sf is available in the basement for storage. The trade area is a consistent urban retail corridor with newly constructed multi-family homes, additional schools and businesses such as the Ford Center Arena, Indiana University School of Medicine-Evansville, Old National Bank, Childrens Museum of Evansville, and Tropicana Casino to name a few. Average daily traffic counts exceed over 18,600 vehicles on SE Riverside Drive. There are over 122,000 residents within a Five-Mile radius of the property.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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