Riecken Foot Comfort World | 5115 Oak Grove Rd
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Riecken Foot Comfort World 5115 Oak Grove Rd
22,000 SF 100% Leased Retail Building Evansville, IN 47715 $925,000 ($42/SF)
Investment Highlights
- +/- 22000 SF
- Loading Dock
- 3-phase Electrical Service
- Freight Elevator
- Great Visibility
- New Roof 2024
Executive Summary
Great opportunity to own a high visibility/high traffic, mixed-use/retail building between Green River Rd and Burkhardt Rd off Morgan Ave (Eastside Evansville). The building was once set up as a warehouse with office space, but later converted into retail and was used as classroom space for ITT Tech. The dock-height loading door/bay is located on the west side of the building. The loading area has easy access to the freight elevator. The facility is equipped with a 3-phase, 800-amp electric service. It is conveniently located 1.2 miles from I-69 & IN-62 intersections.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
22,000 SF
Building Class
C
Year Built
1973
Price
$925,000
Price Per SF
$42
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.95
Land Acres
0.53 AC
Zoning
M-2 - General Industrial
Parking
50 Spaces (2.27 Spaces per 1,000 SF Leased)
Frontage
161 FT on Oak Grove Rd
Amenities
- Security System
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Vision Ministries
- -
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Vision Ministries | - | 99,999 SF | $9.99 | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 82-06-24-017-159.017-027 | Total Assessment | $541,400 (2023) |
| Land Assessment | $223,600 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $317,800 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
82-06-24-017-159.017-027
Land Assessment
$223,600 (2023)
Improvements Assessment
$317,800 (2023)
Total Assessment
$541,400 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
-
Ryan Miller -
ERA First Advantage Realty, Inc.
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Riecken Foot Comfort World | 5115 Oak Grove Rd
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