417-423 N. Main St.

Office for Sale
Catylist Listing ID: 30810706
Property Subtypes: Office Building
Building Size (RSF): 10,349 SF
Gross Land Area: 0.53 Acres
Sale Price: $699,000
Unit Price: $67.54 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

Attractive, brick office building available for sale on North Main Street, less than Ā½ mile from the Lloyd Expressway and Downtown Evansville.

-Convenient location near Deaconess Hospital, Berry Global and CenterPoint Energy
-Perfect for use as a partially owner-occupied building with additional tenant income
-Newer white rubber membrane roof, under warranty through 2028
-Recent capital improvements include: Renovated all restrooms and both kitchens, new carpet and paint throughout the building, parking lot resealed and striped
-Current tenants include Apostolic World Christian Fellowship, Variant eCommerce, Gateway Residential Services and Hensley Legal Group. Some tenants currently have short-term leases, but may consider longer terms
-Revitalized streetscape along the North Main business corridor with the completion of a $16.7M capital improvement project, providing new and widened sidewalks, bike paths, landscaping and lighting

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-20-025-027.001-029; 82-06-20-025-027.016.029
Zoning: C-4
Property Located Between: W. Virginia St. and W. Michigan St.
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,000 SF
Year Built: 1954
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,516 83,872 135,986
Median Age: 37.47 37.29 37.77
Households: 5,349 34,942 58,477
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