Visiting Nurse Association of Southwestern Indiana, Inc.

610 E Walnut St, Evansville, Indiana 47713

  • Property Subtypes Executive Suites , Office Building , Institutional , Governmental , Mixed Use , Medical , Mixed Use
  • Building Size (RSF) 73,000 SF
  • Gross Building Area 73,000 SF
  • Building Name Visiting Nurses Association
  • Building Status Proposed
  • Sale Price $3,990,000.00 Total
  • Unit Price $54.66 per SF
  • Property Use Type Net Leased (NNN)Vacant/Owner-UserInvestmentBusiness
  • Class of Space Class A
  • Total Land Size 5.48 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Auction Avg Occupancy Rate 85
  • Last Updated 8/12/2019
  • Days on Market 904 Days
  • Status active

Overview / Comments

This "Class A" Office/Medical facility was custom designed & constructed in 1994 for the current owner and is in excellent condition throughout !!! The property was designed for a single tenant use, but is currently used by the owner, Visiting Nurse Association of Southwestern Indiana and currently leases to three other tenets. The property currently has approximately 53,000 SF of net rentable area. The Charlier Hospice Center was remodeled and is in great condition functioning as a medical office with seven in-patient rooms, family support areas and a private landscaped patio garden area. The property is currently subdivided into four units with an approximate area of 45,076 SF leased. There is a partially finished poured concrete wall basement primarily used for storage and mechanicals that could be completely finished for more usable area if necessary. The property is well maintained and very functional for a single or multi-tenant office use. The property is located in a commercial industrial park which lies east of the central district of Evansville. Just a few blocks west of the property there is currently under construction a $69.5 million, 170,000 SF IU School of Medicine and Dentistry campus to be completed in late 2017. Evansville officials have estimated that the new IU School of Medicine facility could have an annual economic impact of as much as $340 million by 2020. The new 240 room Double Tree by Hilton opened in February of this year bringing the number of SF of event space within walking distance of this facility to over 300,000 SF. Additionally, Deaconess has just announced a new 3 story clinic is scheduled to be completed in 2020. Also just blocks from this location is a new land based Tropicana Casino and Hyatt Place Five Star Hotel. ***Please contact listing agent for financial, lease and floor plan information***

Additional Details

  • Tax ID/APN 82-06-29-024-029.001-029
  • Zoning M-1
  • Property Visibility Excellent
  • Total Number of Buildings 1
  • Number of Stories 2
  • Year Built 1994
  • Tax Auth Vanderburgh County
  • Land Ownership Fee Simple
  • Legal Description WALNUT ST ADD LOTS 1 THRU 4 & 9 THRU 40 BL 1 LOTS A B C D E BULLEN TRACT & PT VAC OLIVE ST & PT VAC ALLEY GARVIN & BROWERS ADD LOTS 21 THRU 40 BL 3.
  • Zoning Description The property is zoned M-1, light industrial district. This zone allows retail stores, service stores, department stores, schools, supermarket, office buildings, automobile service stations, shopping centers, manufacturing facilities, packaging, finishing, processing and service uses. The subject is in conformance with the zone.