Nick Nackery Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30675669
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad
Building Size (RSF): 10,304 SF
Gross Land Area: 0.48 Acres
Sale Price: $299,000
Unit Price: $29.02 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Nick Nackery
Usable Size (USF): 10,304 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/9/2021

Overview / Comments

Evansville's very own 35 year strong Nick Nackery combined real estate and business for sale. This listing represents the main building and gravel parking lot off the alley, all C4 zoned, real estate ONLY. Over 6517 sq ft of retail space featuring a 3300 sq ft front post framed, metal sheeted warehouse and retail experience with overhead door and commercial heating and air located right off the 0.24 acre parking lot. An additional 11 spaces of retail space and half bath on lower level. Level two features a fully remodeled 2652 sq ft apartment or office space with a full bath and half. Replacement windows, excellent natural light, crown moulding and fresh paint, laminate flooring, large center space with vaulted drop ceiling, and full kitchen complete the space. Additionally, a separate outside entrance staircase leads you to ground level or across to another 1135 sq ft, full bath apartment, all of which is heated and cooled.
Great location, close to Main St revitalization, Convention Center and IU Med center. Zoned C4.
This listing is a component of a larger sale of adjacent/connected properties, which would allow greater enhancement for the Nick Nackery location at 201 E Virginia. See MLS entries: 202049401 for the Nick Nackery business specific sale; 202049222 for the 207 209 E Virginia lot sale; 202049212 for 208 210 E Michigan St. sale. Combined 0.84 acres

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-20-025-029.001-029
Zoning: C4
Retail Clientele: General, Family, Tourist, Recreation, Other
Property Located Between: At intersection of Heidelbach and E Virginia St.
Property Visibility: Excellent
Largest Nearby Street: Heidelbach
Feet of Frontage: 274
Area Description: IU Med Center, Convention Center, Main St revitalization all in close proximity
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 1889
Year Renovated: 1980
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding, Metal Siding, Stone
Exterior Description: Metal post frame warehouse addition; vinyl siding; stone
Parking Type: Surface
Parking Description: Parking allowed on Michigan, Heidelbach and gravel 0.24 acre parking lot at the alley of 201 E Virginia.
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit, Other
Interior Description: Remodeled and converted residential homes with wood frame construction along with 8' on center post frame pole building
Zoning Description: C4
Lot Frontage: 75
Lot Depth: 274
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: 10' city set back easements off Heidelbach granted.
Legal Description: HEIDELBACH & ELSAS ENL L 1, 2 & 3 BL 25 (75X137) PIGEON TOWNSHIP TOWNSHIP; H & E ENL L 20 21 & 22 BL 25 PIGEON TOWNSHIP TOWNSHIP

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,211 83,224 134,323
Median Age: 37.11 37.33 37.87
Households: 5,579 34,686 57,740

Contact

Photograph of Listing Agent

Shaun Angel

RE/MAX Revolution Real Estate, LLC
Not a member of ICREX
Photograph of Listing Agent

Mike Richardson, CCIM

Richardson Commercial
ICREX Member
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