Heidelbach Warehousing and Office For Sale

Industrial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30733212
Property Subtypes: Flex Space, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 17,728 SF
Gross Building Area: 18,850 SF
Gross Land Area: 1.40 Acres
Sale Price: $285,000
Unit Price: $16.08 PSF
Ceiling: 14 ft.
Office SF: 7,000 SF
Drive In Bays: 4 Bays
Property Use Type: Vacant/Owner-User
Building Name: 1525 N. Heidelbach Ave.
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2021

Overview / Comments

This centrally located property combining 10,500 SF of warehouse and 7,000 SF of office/retail is ideal for small to mid-size contractors. Situated on Heidelbach Avenue across from historic Bosse Field, this site features two storefront office buildings which open up to a concrete parking lot and warehousing at the rear of the property, with access to Lafayette Ave. Property is partially leased.

Financials

Finance Data Year 2021
Gross Operating Income $58,295 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-20-026-053.001-029
Zoning: M-2
Property Located Between: Heidelbach & Lafayette
Highway Access: Diamond Ave. Highway 41
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 6,000 SF
Property Condition: Average
Year Built: 1978
Year Renovated: 2017
Construction/Siding: Stone
Parking Type: Surface
Parking Description: Storefront parking along with fenced parking lot between buildings with access to Lafayette Ave.
Overhead Cranes: Undisclosed
Zoning Description: M-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,669 84,988 138,661
Median Age: 37.17 37.56 37.87
Households: 5,838 35,417 59,300

Contact

Photograph of Listing Agent

Jarrod Luigs, CCIM

SVN/The Martin Group
ICREX Member
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