ETFCU PLAZA

1 SE 9th Street, Evansville, Indiana 47708

  • Property Subtypes Executive Suites , Governmental , Mixed Use , Office Building
  • Building Size (RSF) 42,778 SF
  • Gross Building Area 42,778 SF
  • Building Name Evansville Teachers Federal Credit Union Plaza
  • Building Status Existing
  • Sale Price $7,800,000.00 Total
  • Unit Price $182.34 per SF
  • Property Use Type BusinessNet Leased (NNN)Vacant/Owner-UserInvestment
  • Class of Space Class A
  • Total Land Size 1.73 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 1/15/2020
  • Days on Market 305 Days
  • Status active

Overview / Comments

This first time offering is the very prestigious ETFCU Plaza located in downtown Evansville. The ETFCU Plaza is situated adjacent to the Civic Center, the Courts building, across the street from Old National Bank Events Plaza and the Ford Center. Sitting on one-third of the city and county government campus, the ETFCU Plaza is well within walking distance of the new 240 room Double Tree by Hilton, the $69.5 million IU School of Medicine and the majority of any downtown business or venue. This class "A" office space is suited for professional offices of any type looking to be seen not only by members of Evansville's many downtown businesses, but a vast majority of visitors and professionals as well. The plaza is well maintained, has private parking, an abundance of green space, state of the art technological capabilities, energy efficient HVAC and lighting systems, interior/exterior security, automatic doors with keyless access and an environmentally friendly water retention system recently built underneath the rear of the parking lot. Currently the property is occupied by four tenants; a branch of the Teachers Federal Credit Union, Danks & Danks law firm, the City of Evansville Utilities Engineering & IT Departments and the Daily Grind. What a great opportunity to own a piece of history in Evansville's thriving downtown business district.

Agent Notes

Please contact listing broker for additional information and financial data.

Financials

  • Finance Data Year 2019
  • Real Estate Taxes - Annual($) 24,112.8

Additional Details

  • Tax ID/APN 82-06-30-021-094.001-029
  • Zoning C-2
  • Property Visibility Excellent
  • Total Number of Buildings 1
  • Number of Stories 2
  • Year Built 1970
  • Year Renovated 2018
  • Tax Auth Vanderburgh County
  • Land Ownership Fee Simple
  • Legal Description PROFESSIONALS PLAZA PT LOT 1