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Riecken Foot Comfort World 5115 Oak Grove Rd

22,000 SF 100% Leased Retail Building Evansville, IN 47715 £723,766 (£33/SF)

Investment Highlights

  • +/- 22000 SF
  • Loading Dock
  • 3-phase Electrical Service
  • Freight Elevator
  • Great Visibility
  • New Roof 2024

Executive Summary

Great opportunity to own a high visibility/high traffic, mixed-use/retail building between Green River Rd and Burkhardt Rd off Morgan Ave (Eastside Evansville). The building was once set up as a warehouse with office space, but later converted into retail and was used as classroom space for ITT Tech. The dock-height loading door/bay is located on the west side of the building. The loading area has easy access to the freight elevator. The facility is equipped with a 3-phase, 800-amp electric service. It is conveniently located 1.2 miles from I-69 & IN-62 intersections.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,000 SF
Building Class
C
Year Built
1973
Price
£723,766
Price Per SF
£33
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Loading Docks
1 Exterior
Building FAR
0.95
Land Acres
0.53 AC
Zoning
M-2 - General Industrial
Parking
50 Spaces (2.27 Spaces per 1,000 SF Leased)
Frontage
161 ft on Oak Grove Rd

Amenities

  • Security System
  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Vision Ministries
  • -
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Vision Ministries - 99,999 SF $9.99 Lorem Ipsum -

Nearby Major Retailers

Applebee's
Rafferty's Restaurant & Bar
Cheddar's Scratch Kitchen
McAlister's Deli
Fazoli's
BJ's Restaurant & Brewhouse
Jason's Deli
Olive Garden Italian Restaurant
Fifth Third Bank
Bob Evans Restaurants

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
82-06-24-017-159.017-027
Land Assessment
£174,956 (2023)
Improvements Assessment
£248,663 (2023)
Total Assessment
£423,618 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
  • Listing ID: 27478832

  • Date on Market: 10/01/2023

  • Last Updated:

  • Address: 5115 Oak Grove Rd, Evansville, IN 47715

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