Redevelopment Opportunity

Office for Sale
Sale Pending
Also listed as Retail-Commercial, Multi-Family
Catylist Listing ID: 30839160
Property Subtypes: Office Building, Other
Status: Pending
Building Size (RSF): 9,532 SF
Gross Building Area: 12,563 SF
Gross Land Area: 21,777 SF
Sale Price: $405,000
Unit Price: $42.49 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

Exciting redevelopment opportunity located in Haynie’s Corner Arts District in Downtown Evansville! Situated at the corner of SE 2nd Street and College Avenue, this historic building originally was constructed as a residence in 1869 by Union Army General James Shackelford. At the time of construction, the Shackelford mansion was the largest residence ever built in Evansville. In 1912, the property was purchased by a private men’s social club, and a small theater was added to the original home. It was then sold to No-Ruz Grotto in 1941.

-Great location in the heart of Downtown Evansville’s entertainment and restaurant sector, Haynie’s Corner Arts District
-Beautifully constructed in Italianate Revival style
-Main room on first floor has been beautifully renovated and roof replaced
-Potential use as an event center, restaurant, professional offices or apartments
-Floor plans included for use as apartments

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-31-020-084.013-029
Zoning: C-2
Property Located Between: Chandler Ave and College Ave
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1869
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,918 69,627 130,405
Median Age: 36.19 36.14 37.45
Households: 4,383 29,058 56,160


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