1501 Allens Lane

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1501 Allens Lane

Evansville, IN 47710
Asking Price
$1.20M
Asset Type
Warehouse Industrial
Class
Class B

What's Special

1501 Allens Lane is situated in an establised industrial corridor on the north side of Evansville, Indiana. The property offers direct access to Diamond Avenue (State Road 66) and is located less than three miles from the U.S. 41 interchange, facilitating regional logistics. The surrounding neighborhood is characterized by a mix of heavy manufacturing, warehousing, and distribution centers. Local amenities include nearby fuel stations, industrial supply retailers, and proximity to the Evansville Regional Airport, which is located approximately five miles to the northeast. This industrial asset is functionally designed for logistics, light manufacturing, or regional distribution operations. The location and zoning accommodate tenants requiring significant floor area for inventory storage, assembly lines, or fleet management. Ideal occupants include third-party logistics providers, wholesale distributors, and specialized trade contractors seeking proximity to Evansville’s primary commercial arteries. The layout supports frequent freight movement and provides a strategic base for businesses serving the tri-state area of Indiana, Kentucky, and Illinois.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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