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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Mark Miller

ERA First Advantage Realty, Inc.
ICREX Member
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