528 Main St - Storefront Retail/Office FOR SALE


Evansville, IN 47708
$2,683,000 USD
812-746-8569
528 Main St, Evansville, IN for Sale
$2,683,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | Request Cap Rate

528 Main St
Evansville, IN 47708


HIGHLIGHTS

  • Potential for conversion to residential on upper floors
  • National Register of Historic Buildings
  • 1904 Beaux Arts architectural style
  • 64-space surface parking lot

OVERVIEW

Now available, the historic and beautiful beaux arts American Trust Building, located in the heart of Downtown Evansville’s historic district, adjacent to the 1,950-seat Victory Theater and the 10,000-seat Ford Center complex. The American Trust Building is replete with interior and exterior architectural features including: carved limestone façade, copper roof trim, wood and brass doorways, marble wainscoting, vintage gated elevators, high ceilings and more. The property includes an asphalt parking lot with capacity for 64 double parked cars. This four (4) story building currently has two (2) leased retail spaces on the first floor: 959 SF on Sixth Street and 5,772 SF on Main Street. The first floor also offers a 3,539 SF office with two (2) on-street entry accesses, which is currently leased. The second floor is comprised of two (2) leased suites containing 4,414 SF and 1,947 SF. The third floor is primed for reimagining with 5,000 SF ready to be converted into three to four apartments or several office suites. The fourth floor is occupied by a professional firm possessing an artfully designed 6,025 SF multi-office space with kitchenette and conference rooms. The tenant is open to extending the lease or vacating should a prospective buyer wish to convert the space to residential. -Beaux Arts architectural style, constructed in 1904 -Basement office and storage -64-space surface parking lot -Single and three-phase power supply -1,600+ AMP power -Two (2) gated elevators -Rooftop solar arrays -Membrane roof replaced within last 5 years -Marble flooring and wainscoting -Listed on the National Register of Historic Buildings (82000094)

FOR SALE DETAILS

PRICE

$2,683,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Office/Residential, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C-3

APN/PARCEL ID

82-06-30-020-033.013-029

ASK ABOUT THIS PROPERTY

Richard ClementsSummit Real Estate ServicesMore Info
812-746-8569

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Richard ClementsSummit Real Estate ServicesMore Info
812-746-8569

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.