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163 S Third Avenue

Evansville, IN 47708
  • $800,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 202446997
UPDATED: 69 min ago
$800,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,606
    SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1950
County:
Area:

School Ratings & Info

Listing provided by Andros L'grand of KELLER WILLIAMS CAPITAL REALTY: Cell: 812-270-8747.

Description

This exceptional 13,606 sq. ft. property, located in Evansville's thriving Central Business District and zoned C-3, offers unparalleled potential for mixed-use development or low-impact commercial ventures. The 12,106 sq. ft. warehouse boasts an open layout with 15-foot ceilings, a durable brick exterior, and a prime location, making it ideally suited for conversion into retail shops, coworking spaces, boutique storage, or other adaptive reuse projects. Its central position in downtown Evansville provides excellent accessibility and aesthetic appeal, ensuring strong alignment with the area's growing demand for versatile commercial spaces. Complementing the warehouse is The Little Room, a thoughtfully designed 1,500 sq. ft. event space that enhances the property's appeal. With high ceilings, abundant natural light, and a flexible layout, this modern venue is perfect for hosting gatherings, workshops, or community events. Together, these spaces offer a rare investment opportunity in a region experiencing robust economic growth, making this property a standout option for buyers looking to capitalize on the future of downtown Evansville.



© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2025-01-21T22:28:09.673.

www.movingwithteammelton.com/homes/158717003
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163 S Third Avenue Evansville, IN 47708

  • Price: $800,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 69 min ago
  • MLS #: 202446997
0
Beds
0
Baths
0
½ Baths
0.56
Acres
13,606
SQFT
$59
$/SQFT
1950
Built
Neighborhood:
None
County:
Vanderburgh
Area:
Vanderburgh
Property Description
This exceptional 13,606 sq. ft. property, located in Evansville's thriving Central Business District and zoned C-3, offers unparalleled potential for mixed-use development or low-impact commercial ventures. The 12,106 sq. ft. warehouse boasts an open layout with 15-foot ceilings, a durable brick exterior, and a prime location, making it ideally suited for conversion into retail shops, coworking spaces, boutique storage, or other adaptive reuse projects. Its central position in downtown Evansville provides excellent accessibility and aesthetic appeal, ensuring strong alignment with the area's growing demand for versatile commercial spaces. Complementing the warehouse is The Little Room, a thoughtfully designed 1,500 sq. ft. event space that enhances the property's appeal. With high ceilings, abundant natural light, and a flexible layout, this modern venue is perfect for hosting gatherings, workshops, or community events. Together, these spaces offer a rare investment opportunity in a region experiencing robust economic growth, making this property a standout option for buyers looking to capitalize on the future of downtown Evansville.
Exterior Features

Construction Type1 Brick Exterior Exterior Brick Fire Doors YN No Lot Dimensions 180X136 Parking Street Parking Type Street Parking YN Yes Road Access City Road Surface Asphalt Roof Material Flat Security Light YN Yes Signs YN No Waterfront YN No

Interior Features

Basement Foundation Slab Basement YN No Bldg1 Above Grd Sq Ft 13606 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 1500 Ceiling Height 15 FT Column Spacing Standard Industrial Cooling Central AirMultiple Cooling Units Flooring Concrete Heating Fuel Forced Air Interior Height 15 FT Interior Walls ConcreteUnfinished Internal Rooms OfficeStorageWarehouse Special Features Overhead Door 1Overhead Door 2Office SpaceReception AreaSecurity Fence Total Restrooms 2

Property Features

Annual Taxes 6559.82 Auction YN No Buildings 1 Burglar Alarm YN No Cap Rate 10.78 Cross Street NW 2nd St Currently Leased YN No Documents Available Legal Description Enterprise Zone No Equipment YN No Fire Protection City For Sale Or Rent For Sale Gross Monthly Expenses 7265 Gross Monthly Rent 136060 Ingress Egress Concrete Inside City Limits Yes Lease Available YN Yes Lease Term Remaining 0 New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Property Sub Type Warehouse Property Use Investment PropertyVacant-Best for Owner/Usr Reo YN No Sale Includes BuildingLand Security Gate YN Yes Sewer Public Smoke Fire Alarm YN No Sprinkler System YN No Tax Abatement No Township Pigeon Water Heater YN Yes Water Softener YN Yes Water Utility Public Year Taxes Payable 2024

Listing provided by Andros L'grand of KELLER WILLIAMS CAPITAL REALTY: Cell: 812-270-8747.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2025-01-21T22:28:09.673.

 
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Listing provided by Andros L'grand of KELLER WILLIAMS CAPITAL REALTY: Cell: 812-270-8747.