2009, 2013 & 2017 Pollack Ave.

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30841064
Property Subtypes: Mixed Use, Other
Building Size (RSF): 5,097 SF
Gross Land Area: 20,700 SF
Sale Price: $249,000
Unit Price: $48.85 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/7/2023

Overview / Comments

EXCELLENT RENTAL INCOME PROPERTY – Three (3) residential units and one (1) commercial/retail space. Great opportunity to break into the rental market with built-in residential/commercial diversification.
-Good location on Pollack Avenue with convenient access from Weinbach Avenue, Lloyd Expressway and Highway 41
-Income producing property with upside potential
-Commercial/Retail building includes 19’ x 40’ attached garage with overhead door
-Property to be sold as a whole – Owner will not sell individual parcels or buildings
-Area retailers include: Dollar General, Oak Street Health Clinic, Rent-A-Center, Citi Trends, Dollar Tree, Domino’s Pizza, Mr. Liquor, Happy Garden and JJ’s Food Mart

Three (3) parcels with four (4) buildings on .48 AC:
PARCEL 1 – 2009 Pollack Avenue
-Parcel #: 82-09-03-012-019.018-027
-Three (3) buildings on .24 AC:
-Building 1: 2,000 SF Commercial/Retail building offered at $700/mo. lease rate. Includes: One (1)restroom, central HVAC, and 19’ x 40’ garage space
-Building 2: (attached to Building 1) 882 SF (2 bed, 1 bath) with 882 SF basement with washer & dryer. Currently leased for $650/mo.
-Building 3: 1,240 SF apartment, currently leased for $650/mo.

PARCEL 2 – 2013 Pollack Avenue
-Parcel #: 82-09-03-012-019.003-027
-Raw land, .08 AC
-Partially paved and used for parking

PARCEL 3 – 2017 Pollack Avenue
-Parcel #: 82-09-03-012-019.004-027
-One (1) building on .16 AC
-Building 4: 975 SF finished first floor (3 bed, 1 bath) with 875 SF basement with washer & dryer and 20’ x 20’ detached garage. Currently leased for $750/mo.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-09-03-012-019.018-027; 82-09-03-012-019.003-027; 82-09-03-012-019.004-027
Zoning: C-1
Property Located Between: Weinbach Ave and Spring St
Property Visibility: Good
Largest Nearby Street: Pollack Ave
Feet of Frontage: 150
Traffic/Vehicle Count: 4,747
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Property Condition: Average
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,808 72,647 126,919
Median Age: 35.37 36.09 37.97
Households: 6,577 30,642 54,584


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