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2227 W Michigan Street

Evansville, IN 47712
  • $550,000
  • STATUS: Active
  • ON SITE: 88 Days
  • MLS #: 202434075
UPDATED: 50 min ago
$550,000
  • 0
    BEDS
  • 1.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 52,400
    SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1900
County:
Area:

School Ratings & Info

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

Description

This expansive two-story mixed-use property spans nearly an entire city block and offers a prime investment opportunity. Boasting 52,400 sq. ft. and located on 1.09 acres, the property includes a gymnasium, theater, chapel, and industrial-grade kitchen. Positioned near key employers such as Deaconess Hospital, the University of Southern Indiana, and Mead Johnson, it provides immediate access to retail, healthcare, and educational markets. Listed at $550,000 with an assessed value of $1,313,200, it offers a rare $763,200 in instant equity.



© 2024 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 Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-12-03T15:28:41.003.

www.housesinfortwayne.com/homes/154716815
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2227 W Michigan Street Evansville, IN 47712

  • Price: $550,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 50 min ago
  • MLS #: 202434075
0
Beds
0
Baths
0
½ Baths
1.09
Acres
52,400
SQFT
$10
$/SQFT
1900
Built
Neighborhood:
None
County:
Vanderburgh
Area:
Vanderburgh
Property Description
This expansive two-story mixed-use property spans nearly an entire city block and offers a prime investment opportunity. Boasting 52,400 sq. ft. and located on 1.09 acres, the property includes a gymnasium, theater, chapel, and industrial-grade kitchen. Positioned near key employers such as Deaconess Hospital, the University of Southern Indiana, and Mead Johnson, it provides immediate access to retail, healthcare, and educational markets. Listed at $550,000 with an assessed value of $1,313,200, it offers a rare $763,200 in instant equity.
Exterior Features

Construction Type1 Brick Exterior Brick Fire Doors YN Yes Lighted Parking YN Yes Lot Dimensions N/A Parking LotOff-StreetPavedPrivate Parking Spaces 50 Parking Type Parking Lot Parking YN Yes Road Access City Road Frontage Description Corner Lot Road Surface Asphalt Roof Material AsphaltFlat Security Light YN Yes Sign Type Other Signs YN Yes Waterfront YN No

Interior Features

Basement Foundation FinishedFull BasementWalk-Out BasementOutside Entrance Basement YN Yes Bldg1 Above Grd Sq Ft 52400 Bldg1 Below Grd Sq Ft 24685 Bldg1 Fin Office Sq Ft 26200 Ceiling Height 10 Column Spacing N/A Cooling Central AirOther Flooring ConcreteOtherTile Heating Fuel Forced Air Interior Height 10 Interior Walls ConcreteDrywallOther Special Features Handicap AccessAlleyBasementDrapesOffice SpaceReception AreaOtherRefrigeration/Freezer Total Restrooms 16

Property Features

Annual Taxes 21755 Assessed Value 1313200 Auction YN No Buildings 1 Burglar Alarm YN Yes Cross Street Franklin Street Currently Leased YN No Documents Available LBP FormLeaseLegal DescriptionZoning Enterprise Zone No Equipment YN Yes Fire Protection City For Sale Or Rent For Sale Gross Monthly Rent 5500 Ingress Egress Asphalt Inside City Limits Yes Lease Available YN Yes Lease Term Remaining 0 Lighted Intersection YN Yes New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Other Property Sub Type Mixed Use Property Use Investment Property Reo YN No Sale Includes BuildingFurnitureLease Security Gate YN No Sewer City Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement Yes Township Pigeon Water Heater YN Yes Water Softener YN Yes Water Utility City Year Taxes Payable 2024

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

© 2024 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 Barnes Real Estate Services | North Eastern Group Realty.


© 2024 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 Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-12-03T15:28:41.003.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Andros L'grand of KELLER WILLIAMS CAPITAL REALTY: Cell: 812-270-8747.