311 N Main St
Retail-Commercial
for Sale
| Catylist Listing ID: |
30855761 |
| Property Subtypes: |
Free-Standing Building, Retail-Pad, Street Retail
|
| Building Size (RSF): |
4,630 SF
|
| Gross Land Area: |
0.08 Acres
|
| Sale Price: |
$209,900 |
| Unit Price: |
$45.33 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/18/2023 |
Overview / Comments
|
This property is centrally located in the fast expanding Jacobsville Redevelopment Area with a $18,000,000 face lift recently completed that is bringing new businesses and development in the immediate surrounding area. The property sits catty-corner from the new Forge on Main Apartment Complex featuring 180 apartments and 20,000 sqft of retail space and a new 10,000 sqft Dollar General Market on the corner of Main Street & Illinois Street as well. This property was most recently occupied by a clothing store located on the main level with 1,315 sqft of retail area and 1,575 sqft of garage and storage. There is also a two bedroom one bath apartment on the second level that rents for $1,100.00 per month with the tenanat paying gas. There is an adjoining property, 301-309 N Main Street that consists of 3,400 sqft for sale for an additional $190,000.00. ICREX listing ID# 30654695.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$8.04 (Annual) |
Additional Details
| Nearest MSA: |
Evansville |
| County: |
Vanderburgh |
| Taxing Authority: |
Vanderburgh County |
| Tax ID/APN: |
82-06-20-025-037.004-029 |
| Zoning: |
M-3 |
| Retail Clientele: |
General, Family, Business |
| Property Located Between: |
Main Street & Heidelbach Avenue |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Main Street |
| Feet of Frontage: |
25 |
| Traffic/Vehicle Count: |
3,686 |
| Highway Access: |
Highway 41, Lloyd Expressway & I-69 |
| Airports: |
Evansville Regional Airport |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
4,630 SF |
| Property Condition: |
Good |
| Year Built: |
1909 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Zoning Description: |
M-3 |
| Lot Frontage: |
25 |
| Lot Depth: |
142 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
| Legal Description: |
HEIDELBACH & ELSAS ANL LOT 7 BL 34 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,632 |
83,064 |
135,986 |
| Median Age: |
37.44 |
37.27 |
37.77 |
| Households: |
5,765 |
34,609 |
58,477 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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