820 North First Avenue

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820 North First Avenue

Evansville, IN 47710
Asking Price
$175K
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office space available for purchase in Evansville
  • Asking price for the commercial property is $175,000
  • Asset is situated on North First Avenue in Indiana
  • Property supports professional services and administrative business operations
  • Located within the regional commercial hub of southwestern Indiana

What's Special

Priced at $175,000, 820 North First Avenue presents a traditional office space in Evansville, Indiana. This property serves as a functional asset for businesses seeking a permanent location within the local market. Evansville acts as the primary hub for southwestern Indiana, maintaining a diverse economic base that supports regional healthcare, education, and manufacturing operations. The central location provides connectivity to major thoroughfares, facilitating access for employees and clients moving throughout the metro area. Potential occupants may consider this asset for professional services, small corporate headquarters, or administrative operations looking to establish a footprint in the heart of the city. Its layout accommodates standard business configurations typical for traditional office settings. The site offers straightforward accessibility to essential services and regional infrastructure, making it a viable acquisition for investors or owner-occupants focused on long-term utility in a stable Midwest market.

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NOI
$80,000
Cap Rate
45.71%
DSCR
7.70
Strong
Cash-on-Cash
132.59%
Monthly Payment
$865.805
Annual Cash Flow
$69,610.346

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