41 N Business Park

Retail-Commercial for Sale
Catylist Listing ID: 30807341
Property Subtypes: Mixed Use
Building Size (RSF): 71,362 SF
Gross Building Area: 85,000 SF
Gross Land Area: 11.60 Acres
Sale Price: $5,850,000
Unit Price: $81.98 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 92
Last Updated: 1/25/2023

Overview / Comments

In the center of the economic epicenter of the north side of Evansville, IN is 41 N Business Park. The 3 buildings that make up the business park were developed starting in 1994 and finished in 1997. The park offers a perfect multi-use site with ample parking for Tenants and their customers. The property allows access to the front/rear of units with a nearly flawless concrete parking lot. The property is well lit for security

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-04-28-002-660.014-019(8601), 82-04-28-002-660.011-019(8401), 82-04-28-002-660.013-019(1033), 82-04-28-002-660.009-019(8301)
Zoning: M-2
Retail Clientele: Business
Property Visibility: Good
Largest Nearby Street: E Mt. Pleasant
Traffic/Vehicle Count: 27,000
Highway Access: Off Hwy 41 to E Mt Pleasant will access N Kentucky
Airports: Less than a mile
Site Description: 3 buildings, one 3.74 acre vacant lot and a pylon sign on Hwy 41
Area Description: Business area on N Hwy 41 with Deaconess Clinic, Bob's Gym, McDonalds, Dollar General, Peterbuilt Service Center among other businesses.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Typical SF / Floor: 23,700 SF
Property Condition: Excellent
Year Built: 1997
Roof Type: Flat
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Parking Description: Parking in front and rear of all buildings
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: M-2
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,398 37,368 79,247
Median Age: 39.31 40.65 39.97
Households: 3,174 14,324 33,257
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