4th Street, 111 NW / #2196

Retail-Commercial for Sale
Catylist Listing ID: 29598127
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 19,900 SF
Gross Land Area: 8,300 SF
Sale Price: $550,000
Unit Price: $27.64 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: The Landmark Building
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/13/2019

Overview / Comments

The Historic Landmark Building for Sale, is now offering leasing options for 3,900-8,000 SF at $11/SF. All other expenses including water, gas, electric and real estate taxes will be included in the rent payment.

- 8,000 +/- SF 1st Floor Finished Area – The SMILE Organization occupies ¼ of the 1st floor and are on a month - month lease. 1st floor has stage area and was also once home to a coffee shop.

- 3,900 +/- SF 2nd Floor Finished Office space is READY for a new tenant

- 8,000 SF basement is primarily finished and has great storage, offices and a radio station with a recording booth

The LANDMARK Building was constructed by Colonel William H. McCurdy. This two story limestone structure was designed in 1915 by Shopbell & Company to accommodate commercial tenants on the first floor and offices on the 2nd floor. In 1944 it became part of Sears, Roebuck & Company until closing in 1975.

All showings must be scheduled with the Listing Agent.

Financials

Finance Data Year 2014
Tax Value Land $74,700
Tax Value Improvements $55,300
Tax Value Personal Property $130,000
Assessed Value - Total($) $130,000 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-06-30-020-026.005-029
Zoning: C-3
Market Type: Medium
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Road Type: Paved
Property Visibility: Excellent
Feet of Frontage: 83
Airports: Evansville
Site Description: Downtown History Building
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1915
Roof Type: Flat
Construction/Siding: Brick, Granite, Steel Frame, Stone
Heat Type: Electricity, Space Heaters
Heat Source: Baseboard, Central
Air Conditioning: Engineered System
Internet Access: Cable, Dialup
Interior Description: Average and with the exception of the area of SMILE the building has LED lighting including D.A.D.S. on the 2nd floor.
Zoning Description: C-3
Lot Frontage: 83
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: YOUTH INCORPORATED OF SOUTHERN INDIANA
Legal Description: DONATION ENL 10.75 FT L 210 & 72 FT L 211 PIGEON TOWNSHIP TOWNSHIP 82-06-30-020-026.005-029

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,200 72,930 134,212
Median Age: 39.88 36.42 37.69
Households: 3,891 30,273 57,568
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