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Bauer Building 621 N Main St

6,776 SF 100% Leased Retail Building Evansville, IN 47711 $535,000 ($79/SF) 9.16% Cap Rate

Investment Highlights

  • Mixed-Use Investment Property
  • Opportunity Zone & TIF District
  • Redevelopment Area

Executive Summary

* Mixed-Use Investment Property, consisting of 3
commercial tenants & 3 residential apartment
tenants
* Located along the N. Main Street Revitalization
Corridor in the Jacobsville Redevelopment
Area, recently consisting of $15MM in
improvements
* Neighborhood consists of nice mix of retail,
office and residential
* Opportunity Zone & TIF District
* On-site parking, which is scarce in the area

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,776 SF
Building Class
C
Year Built/Renovated
1909/2023
Price
$535,000
Price Per SF
$79
Cap Rate
9.16%
NOI
$49,006
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.94
Lot Size
0.08 AC
Zoning
C-4 - Commercial
Parking
6 Spaces (0.89 Spaces per 1,000 SF Leased)
Frontage
180 FT on Main St.
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Iga
Old National Bank
The YMCA
Hacienda
Starbucks
Fifth Third Insurance - Dan Davis
German American Bank
Sunbelt Rentals
Krispy Krunchy Chicken

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
82-06-20-025-011.001-029
Land Assessment
$12,800
Improvements Assessment
$141,800
Total Assessment
$154,600
  • Listing ID: 33931961

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 621 N Main St, Evansville, IN 47711

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