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2171 E Morgan Ave 2171 E Morgan Ave

4,680 SF Vacant Light Industrial Building Evansville, IN 47711 £276,503 (£59/SF)

Investment Highlights

  • Building front features dark glass windows.
  • Exterior Signage
  • Butler Building/Steel Beams to withstand earthquakes
  • High Traffic Morgan Avenue 27,170 cars average daily
  • Overhead Door Back Entrance

Executive Summary

Super opportunity to own or lease this 4680+/- SF building that currently is divided into 3000+/- SF office/retail space and 1680+/- SF garage in back. This well-insulated Butler building (built with steel beams to withstand earthquakes) includes 2 bathrooms, 5 front parking spaces and back parking lot (11 spaces). Multiple uses from light manufacturing or retail to office spaces (liquor store, dentist, temp agency, etc.) or data storage center...may even be a restaurant or catering facility. This would make a perfect storefront or showroom for many products such as paint, flooring, furniture, appliances, home/office decor, oriental rugs/carpets, pet supplies, sports equipment, etc.; office space for medical/professional/homeopathic care/naturopathic care/chiropractic care/etc.; indoor skateboard park; spa/salon; daycare center (children or pets); or whatever your imagination desires.
Conveniently located on the bustling East side of Evansville, IN.
Super opportunity to own this 4680+/- SF building that currently is divided into 3000+/- SF office/retail space and 1680+/- SF garage in back. This well-insulated Butler building (built with steel beams to withstand earthquakes) includes 2 bathrooms, 5 front parking spaces and back parking lot (11 spaces). Multiple uses from light manufacturing or retail to office spaces (liquor store, dentist, temp agency, etc.) or data storage center or indoor skateboard park...may even be a restaurant or catering facility. This would make a perfect storefront or showroom for many products such as paint, flooring, furniture, appliances, home/office decor, oriental rugs/carpets, pet supplies, sports equipment, etc.; office space for medical/professional/homeopathic care/naturopathic care/chiropractic care/etc.; indoor skateboard park; spa/salon; daycare center (children or pets); or whatever your imagination desires.
Built in 1983 as a light manufacturing and repair shop with approximately 4,680 square feet. The front +/-3000 SF area features large storefront windows, wood laminate flooring in the showroom area, a large open wrap-around area, an office with carpeting, and a half bath.
Wide steel doors lead to the back garage +/- 1680 SF area which is currently leased on a month-to-month verbal contract for storage. It is all open and features an office area, and a half bath. The property also features central heat and air.
Make your plans now on this unique opportunity to purchase a prime building on Morgan Avenue in growing Evansville, IN!
Lot Size: approximately 0.45 acre with building on 82.45 x 170.57 lot and back parking on 45 x 126 lot
Parcel #: 82-06-22-017-043.029-027 and 82-06-22-011-069.011-027
2023 Annual Taxes: $4,180.06 and $579.40
Currently, garage area is on a month-to-month lease and has alarm system.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £276,503
Price Per SF £59
Sale Type Investment or Owner User
Property Type Light Industrial
Property Subtype
Light Manufacturing
  • General Retail Storefront Retail/Office
  • Office Medical
  • Office Data Centre
Building Class C
Lot Size 0.45 AC
Rentable Building Area 4,680 SF
Number of Floors 1
Year Built 1983
Parking Ratio 3.42/1,000 SF
Clear Ceiling Height 10 ft
Level Access Doors 1

Amenities

  • Signage
  • Air Conditioning

Utilities

  • Water - City
  • Sewer - City

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 1,000-4,680 SF
  • Light Industrial
  • Partial Build-Out
  • Now

4,680 square feet of flex space available for rent starting at $3,800/month!

Space Size Space Use Condition Available
1st Floor 1,000-4,680 SF Light Industrial Partial Build-Out Now

1st Floor

Size
1,000-4,680 SF
Space Use
Light Industrial
Condition
Partial Build-Out
Available
Now

1st Floor

Size 1,000-4,680 SF
Space Use Light Industrial
Condition Partial Build-Out
Available Now

4,680 square feet of flex space available for rent starting at $3,800/month!

Bike Score ®
Very Bikeable (71)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
82-06-22-017-043.029-027
Land Assessment
£27,729 (2023)
Improvements Assessment
£66,203 (2023)
Total Assessment
£93,932 (2023)

zoning

Zoning Code C (C-2 Commercial)
C (C-2 Commercial)
  • Listing ID: 25469329

  • Date on Market: 13/04/2022

  • Last Updated:

  • Address: 2171 E Morgan Ave, Evansville, IN 47711

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