Bauer Building | 621 N Main St
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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
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 82-06-20-025-011.001-029 | Improvements Assessment | $141,800 |
Land Assessment | $12,800 | Total Assessment | $154,600 |
PROPERTY TAXES
Parcel Number
82-06-20-025-011.001-029
Land Assessment
$12,800
Improvements Assessment
$141,800
Total Assessment
$154,600
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Bauer Building | 621 N Main St
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