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20284617
20284626

528 Main St, Evansville, IN 47708

RC
IN RB18002031, KY 306264
SVN | The Martin Group Evansville
Listed by SVN | The Martin Group Evansville
$2,550,000
605 days on market
Updated 22 days ago
Opportunity zone

American Trust Building

Details
APN 82-06-30-020-033.013-029; 82-06-30-020-039.002-029
Property Type Office, Retail
Sub Type Executive Office, Traditional Office
Square Footage 45,218
Occupancy 70.5%
Tenancy Multi
Lease Type NNN
Class B
Year Built 1904
Buildings 1
Stories 4
Acreage 0.570
Zoning C-3
Investment Type Net Lease

Historic income property convertible to residential.

Marketing description

Now available, the historic and beautiful beaux arts American Trust Building, located in the heart of Downtown Evansville’s historic district, adjacent to the 1,950-seat Victory Theater and the 10,000-seat Ford Center complex. The American Trust Building is replete with interior and exterior architectural features including: carved limestone façade, copper roof trim, wood and brass doorways, marble wainscoting, vintage gated elevators, high ceilings and more. The property includes an asphalt parking lot with capacity for 64 double parked cars.

This four (4) story building currently has two (2) leased retail spaces on the first floor: 959 SF on Sixth Street and 5,772 SF on Main Street. The first floor also offers a 3,539 SF office with two (2) on-street entry accesses, which is currently leased. The second floor is comprised of two (2) leased suites containing 4,414 SF and 1,947 SF. The third floor is primed for reimagining with 5,000 SF ready to be converted into three to four apartments or several office suites. The fourth floor is occupied by a professional firm possessing an artfully designed 6,025 SF multi-office space with kitchenette and conference rooms. The tenant is open to extending the lease or vacating should a prospective buyer wish to convert the space to residential.

Investment highlights

  • Beaux arts architectural style, constructed in 1904

  • Basement office and storage

  • 64-space surface parking lot

  • Single and three-phase power supply

  • 1,600+ AMP power

  • Two (2) gated elevators

  • Rooftop solar arrays

  • Membrane roof replaced within last 5 years

  • Marble flooring and wainscoting

  • Listed on the National Register of Historic Buildings (82000094)

Listing Contacts

RC
IN RB18002031, KY 306264
SVN | The Martin Group Evansville
Listed by SVN | The Martin Group Evansville

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Additional Information

Name
Richard Clements
License
RB18002031
Brokerage
SVN | The Martin Group
Brokerage Phone
812-471-2500
Title
Senior Advisor
Brokerage Address
4004 East Morgan Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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