1501 Allens Lane

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1501 Allens Lane

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

What's Special

1501 Allens Lane is located in a primary industrial corridor on the north side of Evansville, Indiana. The neighborhood is characterized by a mix of manufacturing facilities, distribution centers, and commercial service providers. The property offers proximity to major retail amenities along Diamond Avenue and First Avenue, providing convenient access to fuel, dining, and logistics support. Transportation access is a key feature, as the site is situated near U.S. Highway 41 and the Lloyd Expressway, facilitating efficient regional connectivity to Interstate 69 and the Evansville Regional Airport. The property is suited for heavy industrial use, warehousing, or large-scale distribution operations. The location and zoning support tenants requiring significant square footage for manufacturing, equipment storage, or regional logistics hubs. Typical occupants include third-party logistics providers, construction supply distributors, and light-to-heavy fabrication companies. Given the area's established industrial infrastructure, the asset is positioned for businesses seeking a central Midwest location with reliable access to a skilled labor pool and integrated freight routes.

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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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