522 Main St For Sale Or Lease

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30852518
Property Subtypes: Medical, Mixed Use, Office Building, General
Building Size (RSF): 7,846 SF
Sale Price: $510,000
Unit Price: $65 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2023

Overview / Comments

SVN | The Martin Group is pleased to present for sale or lease this 3-story mixed use property with 1,700 SF of retail/office on the first floor located along Evansville's historic Main Street. There are two completely renovated apartments on the second and third floor, the third floor unit is currently rented out. This property is nestled in the heart of downtown Evansville and puts you right in the center of the action. Surrounded by the buzz of cafes, restaurants, trendy boutiques, and a thriving arts scene; this location is positioned perfectly to help your business thrive and succeed. Being in Evansville's CBD, you'll be in close proximity to corporate offices, major institutions, and a hub of entrepreneurial activity. This is a rare opportunity to purchase an asset on Main Street.

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $3,531 (Annual)
Tax Value Land $4,500
Tax Value Improvements $156,900
Assessed Value - Total($) $161,400 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $4,000 (Annual)
Tax Value Land $4,500
Tax Value Improvements $181,000
Assessed Value - Total($) $185,500 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $4,457 (Annual)
Tax Value Land $29,400
Tax Value Improvements $188,100
Assessed Value - Total($) $217,500 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $4,881 (Annual)
Tax Value Land $29,400
Tax Value Improvements $150,700
Assessed Value - Total($) $180,100 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $4,603 (Annual)
Tax Value Land $29,400
Tax Value Improvements $150,700
Assessed Value - Total($) $180,100 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-30-020-033.012-029
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,700 SF
Year Built: 1899
Year Renovated: 2023
Water Service: Municipal
Sewer Type: Municipal
Legal Description: EASTERN ENL NE 1/4 LOT 9 BL 31

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,208 74,708 134,549
Median Age: 37.82 36.47 37.62
Households: 4,921 31,044 57,758
© Copyright 2001-2023 Moody's. All Rights Reserved. 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.