Fourth Street, 111 NW/#2196

Retail-Commercial for Sale
Catylist Listing ID: 29598127
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 18,000 SF
Gross Land Area: 8,300 SF
Sale Price: $575,000
Unit Price: $31.94 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: The Landmark Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/25/2017

Overview / Comments

EVANSVILLE, INDIANA Downtown area..also, the building meets the 2016 Indiana Department of Homeland Security “Amusement and Entertainment” license requirements.

Many opportunities! 1st Floor Finished Area – 8,000 +/- sq. ft. SMILE occupies ¼ of the 1st floor and WIRED the remaining 1st floor and the large basement.
2nd Floor Finished Area - 4,000 +/- sq. ft. tenant D.A.D.S the Drug & Alcohol Deferral Service. The SMILE Organization is in partnership with the National Down Syndrome Adoption Network

With the basement and the second floor, you have over 19,000 square feet total. ZONED C3 - also, offices upstairs and a coffee shop and stage area on the main floor.

Basement Primarily Finished 8,000 sq. ft. Total Estimated Area – 19,000 +/- sq. feet.

All tenants are on a month to month terms.

HISTORY; The LANDMARK Building was constructed by Colonel William H. Mccurdy. This two story limestone front structure was designed in 1915 by Shopbell & Company to accommodate commercial tenants on the first floor and offices on the 2nd floor. In 1944 it became part of Sears, Roebuck & Company building until closing in 1975.

All showings must be scheduled with the Listing Agent.

Financials

Finance Data Year 2014
Tax Value Land $74,700
Tax Value Improvements $55,300
Tax Value Personal Property $130,000
Assessed Value - Total($) $130,000 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-30-020-026.005-029
Zoning: C-3
Market Type: Medium
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Road Type: Paved
Property Visibility: Excellent
Feet of Frontage: 83
Airports: Evansville
Site Description: Downtown History Building
Area Description: On April 11, 2014 - The Indiana University Board of Trustees has selected Skanska U.S. Health Realty to build a multidisciplinary academic medical education and research center in downtown Evansville that will expand the IU School of Medicine's presence in the city and dramatically increase medicine- and health-related educational opportunities for students in southwestern Indiana and northwestern Kentucky.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1915
Roof Type: Flat
Construction/Siding: Brick, Granite, Steel Frame, Stone
Heat Type: Electricity, Space Heaters
Heat Source: Baseboard, Central
Air Conditioning: Engineered System
Internet Access: Cable, Dialup
Interior Description: Average and with the exception of the area of SMILE the building has LED lighting including D.A.D.S. on the 2nd floor.
Zoning Description: C-3
Lot Frontage: 83
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: YOUTH INCORPORATED OF SOUTHERN INDIANA
Legal Description: DONATION ENL 10.75 FT L 210 & 72 FT L 211 PIGEON TOWNSHIP TOWNSHIP 82-06-30-020-026.005-029

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,200 72,930 134,212
Median Age: 39.88 36.42 37.69
Households: 3,891 30,273 57,568

Source

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